High Note Wealth LLC Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

High Note Wealth LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,202 shares of the exchange traded fund's stock after buying an additional 597 shares during the quarter. Invesco QQQ makes up 2.0% of High Note Wealth LLC's portfolio, making the stock its 16th largest position. High Note Wealth LLC's holdings in Invesco QQQ were worth $8,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eagle Capital Management LLC raised its holdings in shares of Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after purchasing an additional 185 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Invesco QQQ by 3.1% in the 4th quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund's stock valued at $11,791,000 after purchasing an additional 687 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in shares of Invesco QQQ by 20.0% in the 4th quarter. Great Lakes Advisors LLC now owns 3,028 shares of the exchange traded fund's stock valued at $1,548,000 after purchasing an additional 504 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.2%

Shares of Invesco QQQ stock traded down $1.25 on Friday, reaching $554.20. The stock had a trading volume of 39,558,757 shares, compared to its average volume of 39,419,891. The company has a 50 day moving average price of $527.06 and a 200 day moving average price of $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 business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.

Invesco QQQ Company Profile

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.