Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Jackson Wealth Management LLC

Jackson Wealth Management LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,105 shares of the exchange traded fund's stock after buying an additional 1,586 shares during the quarter. Invesco QQQ comprises 1.1% of Jackson Wealth Management LLC's investment portfolio, making the stock its 20th biggest holding. Jackson Wealth Management LLC's holdings in Invesco QQQ were worth $9,428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Interactive Financial Advisors Inc. raised its holdings in shares of Invesco QQQ by 4.3% in the first quarter. Interactive Financial Advisors Inc. now owns 20,203 shares of the exchange traded fund's stock worth $9,474,000 after acquiring an additional 841 shares during the last quarter. Viewpoint Capital Management LLC grew its position in Invesco QQQ by 12.0% during the first quarter. Viewpoint Capital Management LLC now owns 3,883 shares of the exchange traded fund's stock valued at $1,821,000 after acquiring an additional 415 shares during the period. One Day In July LLC boosted its position in shares of Invesco QQQ by 4.5% in the first quarter. One Day In July LLC now owns 4,810 shares of the exchange traded fund's stock worth $2,255,000 after buying an additional 206 shares during the period. Burke & Herbert Bank & Trust Co. boosted its position in shares of Invesco QQQ by 1.1% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 11,496 shares of the exchange traded fund's stock worth $5,391,000 after buying an additional 122 shares during the period. Finally, Sutton Place Investors LLC acquired a new stake in Invesco QQQ during the first quarter valued at approximately $271,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.9%

Shares of Invesco QQQ stock opened at $555.88 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $557.20. The business's 50 day simple moving average is $519.53 and its 200-day simple moving average is $504.67.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

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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