Midwest Financial Group LLC grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,224 shares of the exchange traded fund's stock after buying an additional 1,134 shares during the quarter. Invesco QQQ accounts for about 3.6% of Midwest Financial Group LLC's investment portfolio, making the stock its 6th biggest holding. Midwest Financial Group LLC's holdings in Invesco QQQ were worth $6,201,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in QQQ. Tallon Kerry Patrick bought a new stake in shares of Invesco QQQ in the fourth quarter worth $4,904,000. Naviter Wealth LLC raised its position in 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 acquiring an additional 107 shares in the last quarter. Eagle Capital Management LLC raised its position in 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 acquiring an additional 185 shares in the last quarter. Brighton Jones LLC raised its position in 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 acquiring an additional 4,989 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Invesco QQQ during the fourth quarter worth $14,209,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.4%
NASDAQ QQQ opened at $526.83 on Friday. The firm's fifty day moving average price is $500.57 and its two-hundred day moving average price is $503.28. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.
Invesco QQQ Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.
Invesco QQQ Company 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.
Further Reading
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