Invesco QQQ (NASDAQ:QQQ) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 19.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,992 shares of the exchange traded fund's stock after buying an additional 643 shares during the quarter. GAMMA Investing LLC's holdings in Invesco QQQ were worth $1,872,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Tallon Kerry Patrick acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $4,904,000. Naviter Wealth LLC lifted its position in shares of Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after purchasing an additional 107 shares in the last quarter. Eagle Capital Management LLC lifted its position in shares of Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after purchasing an additional 185 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Finally, Revolve Wealth Partners LLC lifted its position in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after purchasing an additional 176 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $548.09 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $549.99. The company's 50-day simple moving average is $509.76 and its 200-day simple moving average is $503.88.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued 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

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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