Quotient Wealth Partners LLC Has $675,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Quotient Wealth Partners LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 51.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,439 shares of the exchange traded fund's stock after buying an additional 486 shares during the quarter. Quotient Wealth Partners LLC's holdings in Invesco QQQ were worth $675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ during the fourth quarter valued at about $36,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter worth about $51,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $57,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock traded down $0.06 during trading hours on Friday, hitting $555.39. The company's stock had a trading volume of 24,936,634 shares, compared to its average volume of 39,397,925. The stock has a 50 day moving average price of $525.75 and a two-hundred day moving average price of $505.74. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.63.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

Invesco QQQ 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.