FSM Wealth Advisors LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 27.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,400 shares of the exchange traded fund's stock after buying an additional 1,160 shares during the period. FSM Wealth Advisors LLC's holdings in Invesco QQQ were worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the business. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ in the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the 4th quarter valued at about $36,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ during the 1st quarter worth about $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $57,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Up 0.7%
Shares of Invesco QQQ stock traded up $3.81 on Wednesday, hitting $550.80. The company had a trading volume of 36,407,364 shares, compared to its average volume of 39,147,735. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $552.80. The business has a 50-day simple moving average of $514.18 and a 200-day simple moving average of $504.17.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.
About Invesco QQQ
(
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.
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