LJI Wealth Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 27,868 shares of the exchange traded fund's stock after acquiring an additional 762 shares during the period. Invesco QQQ makes up 2.6% of LJI Wealth Management LLC's investment portfolio, making the stock its 10th biggest position. LJI Wealth Management LLC's holdings in Invesco QQQ were worth $13,068,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the company. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at about $1,018,000. Grant Private Wealth Management Inc purchased a new stake in Invesco QQQ during the 4th quarter valued at about $815,000. Gemsstock Ltd. grew its position in Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after acquiring an additional 213,400 shares during the last quarter. Tandem Investment Partners LLC purchased a new position in Invesco QQQ in the 4th quarter worth approximately $4,623,000. Finally, Wescott Financial Advisory Group LLC increased its stake in Invesco QQQ by 1.8% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock worth $75,071,000 after purchasing an additional 2,600 shares during the period. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Up 0.1%
QQQ traded up $0.57 during trading on Wednesday, hitting $557.29. 51,945,122 shares of the stock traded hands, compared to its average volume of 39,507,270. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $560.80. The firm has a 50-day moving average of $529.97 and a 200 day moving average of $506.17.
Invesco QQQ Cuts Dividend
The business 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. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.42%.
Invesco QQQ Profile
(
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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