Stratos Investment Management LLC lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 59.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,660 shares of the exchange traded fund's stock after buying an additional 619 shares during the quarter. Stratos Investment Management LLC's holdings in Invesco QQQ were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the company. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ in the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the fourth quarter worth about $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the first quarter valued at about $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ in the 1st quarter valued at approximately $51,000. Finally, Banque Transatlantique SA bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $57,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Price Performance
Shares of NASDAQ:QQQ traded up $3.91 during trading on Wednesday, hitting $556.25. 42,940,948 shares of the stock were exchanged, compared to its average volume of 39,369,596. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.57. The company's fifty day simple moving average is $522.66 and its 200-day simple moving average is $505.17.
Invesco QQQ Cuts Dividend
The firm 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 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.
About Invesco QQQ
(
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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