Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,411 shares of the exchange traded fund's stock after acquiring an additional 2,002 shares during the quarter. Gerber Kawasaki Wealth & Investment Management's holdings in Invesco QQQ were worth $14,261,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Goldman Sachs Group Inc. boosted its position in shares of Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new position in shares of Invesco QQQ during the 1st quarter worth about $2,775,904,000. Ameriprise Financial Inc. boosted its position in shares of Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after acquiring an additional 756,990 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco QQQ by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund's stock worth $1,501,063,000 after acquiring an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock worth $1,163,036,000 after acquiring an additional 54,944 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Up 0.2%
NASDAQ:QQQ opened at $573.49 on Thursday. The stock has a 50-day simple moving average of $560.41 and a 200-day simple moving average of $516.76. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $583.32.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.
Invesco QQQ Company 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.
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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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