Fountainhead AM LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 58.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,293 shares of the exchange traded fund's stock after purchasing an additional 2,326 shares during the period. Fountainhead AM LLC's holdings in Invesco QQQ were worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter worth $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the first quarter valued at about $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ during the first quarter valued at about $51,000. Finally, Banque Transatlantique SA purchased a new stake in Invesco QQQ during the fourth quarter valued at about $57,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Down 0.1%
Shares of QQQ traded down $0.54 during trading hours on Friday, hitting $561.26. The company had a trading volume of 50,428,921 shares, compared to its average volume of 39,495,266. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $564.73. The stock's 50 day moving average price is $534.38 and its 200 day moving average price is $507.18.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.42%.
Invesco QQQ Profile
(
Free Report)
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.
Further Reading
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
