Calamos Wealth Management LLC Acquires 2,763 Shares of Invesco QQQ (NASDAQ:QQQ)

Calamos Wealth Management LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 51.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,128 shares of the exchange traded fund's stock after buying an additional 2,763 shares during the quarter. Calamos Wealth Management LLC's holdings in Invesco QQQ were worth $3,811,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Diversified Enterprises LLC increased its holdings in Invesco QQQ by 0.4% during the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock worth $2,679,000 after purchasing an additional 20 shares in the last quarter. Prevail Innovative Wealth Advisors LLC increased its holdings in Invesco QQQ by 4.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after purchasing an additional 20 shares in the last quarter. Legacy Investment Solutions LLC increased its holdings in Invesco QQQ by 8.2% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after purchasing an additional 20 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after purchasing an additional 20 shares in the last quarter. Finally, Willis Johnson & Associates Inc. increased its holdings in Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after purchasing an additional 21 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ traded down $3.11 during midday trading on Monday, reaching $553.11. 7,658,572 shares of the company were exchanged, compared to its average volume of 39,152,959. The company's fifty day moving average price is $519.53 and its 200 day moving average price is $504.60. Invesco QQQ has a one year low of $402.39 and a one year high of $557.20.

Invesco QQQ Cuts Dividend

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

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.