Invesco QQQ (NASDAQ:QQQ) Shares Bought by Arrow Financial Corp

Arrow Financial Corp boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 158,151 shares of the exchange traded fund's stock after purchasing an additional 1,693 shares during the quarter. Invesco QQQ comprises 8.3% of Arrow Financial Corp's holdings, making the stock its 2nd biggest position. Arrow Financial Corp's holdings in Invesco QQQ were worth $74,160,000 at the end of the most recent quarter.

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

Invesco QQQ Stock Performance

Shares of QQQ traded up $1.81 during mid-day trading on Thursday, hitting $565.62. The company's stock had a trading volume of 21,462,366 shares, compared to its average volume of 44,704,711. The firm has a 50-day moving average price of $537.33 and a 200 day moving average price of $508.21. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $566.23.

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 paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.42%.

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.