Invesco QQQ (NASDAQ:QQQ) Shares Bought by CMG Global Holdings LLC

CMG Global Holdings LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,914 shares of the exchange traded fund's stock after purchasing an additional 1,172 shares during the period. Invesco QQQ makes up about 4.5% of CMG Global Holdings LLC's portfolio, making the stock its 3rd biggest position. CMG Global Holdings LLC's holdings in Invesco QQQ were worth $6,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Westside Investment Management Inc. increased its holdings in shares of Invesco QQQ by 9.3% in the first quarter. Westside Investment Management Inc. now owns 33,101 shares of the exchange traded fund's stock valued at $15,527,000 after purchasing an additional 2,822 shares during the period. WASHINGTON TRUST Co increased its holdings in Invesco QQQ by 24.1% in the 1st quarter. WASHINGTON TRUST Co now owns 856 shares of the exchange traded fund's stock worth $401,000 after buying an additional 166 shares during the period. Tradewinds Capital Management LLC lifted its stake in Invesco QQQ by 361.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 2,462 shares of the exchange traded fund's stock valued at $1,154,000 after acquiring an additional 1,929 shares during the period. Pacific Wealth Strategies Group Inc. boosted its holdings in shares of Invesco QQQ by 0.5% in the 1st quarter. Pacific Wealth Strategies Group Inc. now owns 21,724 shares of the exchange traded fund's stock valued at $10,187,000 after acquiring an additional 107 shares during the last quarter. Finally, MorganRosel Wealth Management LLC increased its stake in shares of Invesco QQQ by 10.6% in the first quarter. MorganRosel Wealth Management LLC now owns 17,314 shares of the exchange traded fund's stock worth $8,119,000 after acquiring an additional 1,665 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.3%

NASDAQ:QQQ opened at $548.09 on Monday. The firm's fifty day moving average is $509.76 and its two-hundred day moving average is $503.72. Invesco QQQ has a one year low of $402.39 and a one year high of $552.23.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.

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.

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