Greenwood Gearhart Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,427 shares of the exchange traded fund's stock after buying an additional 5,845 shares during the period. Invesco QQQ comprises approximately 2.1% of Greenwood Gearhart Inc.'s investment portfolio, making the stock its 20th biggest holding. Greenwood Gearhart Inc.'s holdings in Invesco QQQ were worth $29,742,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Wilkins Miller Wealth Management LLC purchased a new position in Invesco QQQ in the fourth quarter worth $1,018,000. Grant Private Wealth Management Inc purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $815,000. Gemsstock Ltd. grew its holdings in shares of Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after buying an additional 213,400 shares during the last quarter. Tandem Investment Partners LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $4,623,000. Finally, Wescott Financial Advisory Group LLC grew its holdings in shares of Invesco QQQ by 1.8% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock valued at $75,071,000 after buying an additional 2,600 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Shares of QQQ traded up $2.23 during trading hours on Friday, reaching $567.24. 15,704,275 shares of the company traded hands, compared to its average volume of 44,638,078. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $567.59. The business has a fifty day moving average price of $538.24 and a 200-day moving average price of $508.49.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Monday, June 23rd.
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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