Rezny Wealth Management Inc. Buys 1,122 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Points

• Rezny Wealth Management Inc. increased its holdings in Invesco QQQ by 7.2% during Q1, now owning 16,660 shares valued at roughly $7.81 million.
• Several other institutional investors also acquired positions in Invesco QQQ, contributing to 44.58% of the stock's ownership by such investors.
• Invesco QQQ's stock recently had a price of $569.24, with a twelve-month low of $402.39 and a high of $574.63.

Rezny Wealth Management Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,660 shares of the exchange traded fund's stock after acquiring an additional 1,122 shares during the period. Invesco QQQ makes up about 2.0% of Rezny Wealth Management Inc.'s portfolio, making the stock its 9th biggest position. Rezny Wealth Management Inc.'s holdings in Invesco QQQ were worth $7,812,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in QQQ. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ during the first quarter valued at $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ during the fourth quarter valued at $57,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.9%

QQQ traded up $5.31 on Friday, reaching $574.55. The stock had a trading volume of 35,191,297 shares, compared to its average volume of 44,779,680. The business's 50-day moving average price is $549.00 and its two-hundred day moving average price is $512.37. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $574.77.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

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.