Invesco QQQ (NASDAQ:QQQ) is Vantage Financial Partners LLC's 9th Largest Position

Key Points

• Vantage Financial Partners LLC increased its stake in Invesco QQQ by 36.2%, making it their 9th largest position, with holdings worth approximately $13.36 million.
• Invesco QQQ recently announced a quarterly dividend of $0.5911 per share, translating to an annualized yield of 0.42%.
• Currently, Invesco QQQ has experienced a price range over the past 12 months between a low of $402.39 and a high of $567.70.

Vantage Financial Partners LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 36.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,484 shares of the exchange traded fund's stock after acquiring an additional 7,565 shares during the period. Invesco QQQ comprises approximately 3.3% of Vantage Financial Partners LLC's portfolio, making the stock its 9th largest position. Vantage Financial Partners LLC's holdings in Invesco QQQ were worth $13,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilkins Miller Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $1,018,000. Grant Private Wealth Management Inc acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $815,000. Gemsstock Ltd. increased its holdings in shares of Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after purchasing an additional 213,400 shares during the period. Tandem Investment Partners LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $4,623,000. Finally, Wescott Financial Advisory Group LLC increased its holdings in shares of Invesco QQQ by 1.8% in 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 purchasing an additional 2,600 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $566.37 on Monday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $567.70. The stock's 50 day simple moving average is $539.14 and its 200-day simple moving average is $508.75.

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. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a 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.

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