Gen Wealth Partners Inc raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 154.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,679 shares of the exchange traded fund's stock after purchasing an additional 1,020 shares during the quarter. Gen Wealth Partners Inc's holdings in Invesco QQQ were worth $787,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the 1st quarter worth approximately $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ in the 1st quarter worth approximately $51,000. Finally, Banque Transatlantique SA acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of QQQ traded down $2.55 during mid-day trading on Friday, hitting $577.34. The stock had a trading volume of 49,393,990 shares, compared to its average volume of 44,038,980. The company's fifty day simple moving average is $554.13 and its two-hundred day simple moving average is $514.12. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.
Invesco QQQ Company Profile
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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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