Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,927 shares of the exchange traded fund's stock after purchasing an additional 1,283 shares during the period. Fulton Breakefield Broenniman LLC's holdings in Invesco QQQ were worth $4,655,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilkins Miller Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $1,018,000. Grant Private Wealth Management Inc purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $815,000. Gemsstock Ltd. lifted its holdings in shares of Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after purchasing an additional 213,400 shares during the last quarter. Tandem Investment Partners LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $4,623,000. Finally, Wescott Financial Advisory Group LLC lifted its holdings in shares of Invesco QQQ by 1.8% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock valued at $75,071,000 after purchasing an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ traded down $1.25 during midday trading on Friday, hitting $554.20. 39,558,757 shares of the company's stock traded hands, compared to its average volume of 39,419,891. The firm's fifty day moving average is $527.06 and its 200-day moving average is $505.74. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.63.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, June 23rd.

About Invesco QQQ

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.