Calamos Wealth Management LLC Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Calamos Wealth Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 51.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,128 shares of the exchange traded fund's stock after purchasing an additional 2,763 shares during the quarter. Calamos Wealth Management LLC's holdings in Invesco QQQ were worth $3,811,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Diversified Enterprises LLC grew its holdings in Invesco QQQ by 0.4% in the fourth 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 during the period. Prevail Innovative Wealth Advisors LLC grew its holdings in Invesco QQQ by 4.3% in the fourth 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 during the period. Legacy Investment Solutions LLC grew its holdings in Invesco QQQ by 8.2% in the fourth 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 during the period. Laird Norton Wetherby Wealth Management LLC grew its holdings in Invesco QQQ by 0.3% in the fourth 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 during the period. Finally, Willis Johnson & Associates Inc. grew its holdings in Invesco QQQ by 2.6% in the fourth 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 during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ traded up $5.08 during midday trading on Friday, reaching $555.88. The company's stock had a trading volume of 26,443,524 shares, compared to its average volume of 39,274,525. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.20. The stock's 50-day moving average is $519.53 and its 200-day moving average is $504.67.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend 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.