Daymark Wealth Partners LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 19,890 shares of the exchange traded fund's stock after acquiring an additional 1,087 shares during the quarter. Daymark Wealth Partners LLC's holdings in Invesco QQQ were worth $9,327,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ in the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $36,000. Banque Transatlantique SA bought a new stake in Invesco QQQ in the fourth quarter worth $57,000. Perritt Capital Management Inc purchased a new position in shares of Invesco QQQ during the 4th quarter worth about $61,000. Finally, Frazier Financial Advisors LLC raised its holdings in shares of Invesco QQQ by 1,288.9% in the fourth quarter. Frazier Financial Advisors LLC now owns 125 shares of the exchange traded fund's stock worth $64,000 after buying an additional 116 shares during the period. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Performance
QQQ stock traded up $5.06 during midday trading on Thursday, reaching $546.22. The company's stock had a trading volume of 43,614,634 shares, compared to its average volume of 38,865,350. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $547.05. The stock has a fifty day simple moving average of $505.63 and a two-hundred day simple moving average of $503.71.
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 paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.
Invesco QQQ Company Profile
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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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