Coyle Financial Counsel LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,644 shares of the exchange traded fund's stock after purchasing an additional 3,426 shares during the period. Invesco QQQ makes up approximately 5.5% of Coyle Financial Counsel LLC's investment portfolio, making the stock its 5th largest holding. Coyle Financial Counsel LLC's holdings in Invesco QQQ were worth $18,121,000 as of its most recent SEC filing.
Other institutional investors have also 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 about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ during the fourth quarter worth about $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the first quarter worth about $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ during the fourth quarter worth about $57,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trading Down 0.2%
QQQ stock opened at $554.20 on Friday. The business's 50-day moving average price is $527.06 and its two-hundred day moving average price is $505.91. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.63.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a 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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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