Fairway Wealth LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 71.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,467 shares of the exchange traded fund's stock after purchasing an additional 12,723 shares during the quarter. Invesco QQQ makes up approximately 4.3% of Fairway Wealth LLC's holdings, making the stock its 8th biggest holding. Fairway Wealth LLC's holdings in Invesco QQQ were worth $14,287,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the business. NWI Management LP raised its holdings in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after buying an additional 3,648,000 shares during the period. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. Senator Investment Group LP acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $679,936,000. Spear Holdings RSC Ltd bought a new position in shares of Invesco QQQ in the first quarter valued at $474,600,000. Finally, Asset Planning Services Inc. LA ADV grew its stake in shares of Invesco QQQ by 100,517.9% in the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock valued at $437,375,000 after buying an additional 931,801 shares in the last quarter. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of NASDAQ:QQQ traded down $4.19 during midday trading on Monday, hitting $552.03. The stock had a trading volume of 45,126,311 shares, compared to its average volume of 39,298,420. The business's 50-day simple moving average is $519.53 and its 200-day simple moving average is $504.60. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.20.
Invesco QQQ Cuts Dividend
The firm also recently announced 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%.
Invesco QQQ Profile
(
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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