Jaffetilchin Investment Partners LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,737 shares of the exchange traded fund's stock after acquiring an additional 1,698 shares during the quarter. Invesco QQQ comprises about 2.3% of Jaffetilchin Investment Partners LLC's portfolio, making the stock its 9th largest position. Jaffetilchin Investment Partners LLC's holdings in Invesco QQQ were worth $31,294,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Wilkins Miller Wealth Management LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $1,018,000. Synergy Investment Management LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth $723,000. Grant Private Wealth Management Inc bought a new stake in shares of Invesco QQQ during the fourth quarter worth $815,000. Tandem Investment Partners LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth $4,623,000. Finally, Gemsstock Ltd. lifted its holdings in Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after buying an additional 213,400 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock traded up $1.87 on Friday, hitting $548.09. 57,440,636 shares of the company traded hands, compared to its average volume of 39,006,887. The stock's 50 day moving average price is $509.76 and its 200-day moving average price is $503.88. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $549.99.
Invesco QQQ Cuts Dividend
The firm also recently declared 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. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.
Invesco QQQ Profile
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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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