Gateway Wealth Partners LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,016 shares of the exchange traded fund's stock after acquiring an additional 657 shares during the period. Gateway Wealth Partners LLC's holdings in Invesco QQQ were worth $3,759,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter worth $36,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ in the first quarter worth $51,000. Finally, Banque Transatlantique SA acquired a new position in shares of Invesco QQQ in the fourth quarter worth $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Invesco QQQ stock traded down $1.25 during trading on Friday, hitting $554.20. The company's stock had a trading volume of 39,558,757 shares, compared to its average volume of 39,410,558. The stock's fifty day moving average is $525.75 and its 200 day moving average is $505.74. 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. Investors of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.
Invesco QQQ 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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