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Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Berger Financial Group Inc

Invesco QQQ logo with Finance background

Key Points

  • Berger Financial Group Inc increased its holdings in Invesco QQQ by 7.4%, owning 20,706 shares valued at approximately $9.7 million after acquiring 1,432 additional shares.
  • Invesco QQQ's share price opened at $574.55, with a 52-week trading range between $402.39 and $574.77.
  • The company recently disclosed a quarterly dividend of $0.5911 per share, resulting in an annualized dividend yield of 0.4%.
  • Looking to Export and Analyze Invesco QQQ Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Berger Financial Group Inc increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,706 shares of the exchange traded fund's stock after buying an additional 1,432 shares during the quarter. Berger Financial Group Inc's holdings in Invesco QQQ were worth $9,709,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Pandora Wealth Inc. purchased a new position in Invesco QQQ in the first quarter valued at approximately $1,619,000. Sierra Summit Advisors LLC raised its stake in shares of Invesco QQQ by 10.8% in the 1st quarter. Sierra Summit Advisors LLC now owns 5,599 shares of the exchange traded fund's stock valued at $2,625,000 after acquiring an additional 545 shares during the period. Johnson Financial Group LLC purchased a new stake in Invesco QQQ during the 1st quarter worth $234,000. Manhattan West Asset Management LLC lifted its stake in shares of Invesco QQQ by 2.7% during the first quarter. Manhattan West Asset Management LLC now owns 4,237 shares of the exchange traded fund's stock worth $1,987,000 after purchasing an additional 113 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in shares of Invesco QQQ by 2.2% in the first quarter. Benjamin Edwards Inc. now owns 51,173 shares of the exchange traded fund's stock worth $23,996,000 after buying an additional 1,097 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $5.31 during trading hours on Friday, reaching $574.55. The company had a trading volume of 35,191,297 shares, compared to its average volume of 44,779,680. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $574.77. The stock's fifty day simple moving average is $549.00 and its 200 day simple moving average is $512.23.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was 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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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