Capital Management Associates Inc raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 96.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,966 shares of the exchange traded fund's stock after purchasing an additional 35,751 shares during the quarter. Invesco QQQ accounts for about 7.7% of Capital Management Associates Inc's holdings, making the stock its 4th biggest position. Capital Management Associates Inc's holdings in Invesco QQQ were worth $34,215,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilkins Miller Wealth Management LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at about $1,018,000. Grant Private Wealth Management Inc acquired a new stake in Invesco QQQ during the 4th quarter valued at $815,000. Tandem Investment Partners LLC purchased a new position in Invesco QQQ during the fourth quarter worth $4,623,000. Gemsstock Ltd. raised 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 worth $150,046,000 after acquiring an additional 213,400 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC lifted its position 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 acquiring an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.8%
Shares of QQQ traded down $4.19 during trading hours on Monday, reaching $552.03. 45,126,311 shares of the company traded hands, compared to its average volume of 39,298,420. The stock has a fifty day simple moving average of $519.53 and a 200 day simple moving average of $504.60. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $557.20.
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid 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 dividend yield of 0.43%.
Invesco QQQ Company 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.
Further Reading
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