Golden State Wealth Management LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,742 shares of the exchange traded fund's stock after buying an additional 2,241 shares during the quarter. Invesco QQQ accounts for about 2.3% of Golden State Wealth Management LLC's portfolio, making the stock its 5th biggest holding. Golden State Wealth Management LLC's holdings in Invesco QQQ were worth $15,353,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $36,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ in the first quarter valued at $51,000. Finally, Banque Transatlantique SA acquired a new position in Invesco QQQ during the fourth quarter worth $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
QQQ stock traded up $5.08 during trading hours on Friday, reaching $555.88. The stock had a trading volume of 26,443,524 shares, compared to its average volume of 39,231,028. The stock has a 50-day simple moving average of $517.86 and a 200 day simple moving average of $504.61. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $557.20.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 dividend 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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