USAdvisors Wealth Management LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,540 shares of the exchange traded fund's stock after acquiring an additional 455 shares during the quarter. Invesco QQQ makes up approximately 10.7% of USAdvisors Wealth Management LLC's investment portfolio, making the stock its largest position. USAdvisors Wealth Management LLC's holdings in Invesco QQQ were worth $30,733,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Prevail Innovative Wealth Advisors LLC raised its position in Invesco QQQ by 4.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock valued at $247,000 after purchasing an additional 20 shares in the last quarter. Legacy Investment Solutions LLC lifted its holdings in shares of Invesco QQQ by 8.2% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after buying an additional 20 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after buying an additional 20 shares during the period. Willis Johnson & Associates Inc. boosted its position in Invesco QQQ by 2.6% during the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after purchasing an additional 21 shares in the last quarter. Finally, MTM Investment Management LLC boosted its position in Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of QQQ stock traded up $1.36 during trading hours on Friday, reaching $566.37. The company had a trading volume of 30,579,821 shares, compared to its average volume of 40,473,144. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $567.70. The stock has a fifty day moving average of $539.14 and a 200-day moving average of $508.84.
Invesco QQQ Cuts Dividend
The company 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 $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%.
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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