NCP Inc. Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

NCP Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 13.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 7,475 shares of the exchange traded fund's stock after buying an additional 901 shares during the period. Invesco QQQ accounts for about 4.7% of NCP Inc.'s portfolio, making the stock its 5th largest holding. NCP Inc.'s holdings in Invesco QQQ were worth $3,505,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ during the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ during the fourth quarter worth about $36,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter valued at approximately $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $1.20 during mid-day trading on Thursday, hitting $565.01. The company's stock had a trading volume of 42,156,201 shares, compared to its average volume of 40,549,944. The company's fifty day simple moving average is $537.33 and its 200-day simple moving average is $508.21. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $566.24.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 dividend yield of 0.42%.

About Invesco QQQ

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.