Invesco QQQ (NASDAQ:QQQ) Shares Bought by Tanager Wealth Management LLP

Tanager Wealth Management LLP boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 31.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,924 shares of the exchange traded fund's stock after purchasing an additional 694 shares during the period. Tanager Wealth Management LLP's holdings in Invesco QQQ were worth $1,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter worth about $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the 1st quarter worth about $50,000. Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at about $57,000. Finally, Perritt Capital Management Inc acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at about $61,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.9%

NASDAQ QQQ opened at $546.22 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $547.35. The stock has a 50-day moving average of $507.68 and a 200 day moving average of $503.87.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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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