AJ Advisors LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,733 shares of the exchange traded fund's stock after buying an additional 1,713 shares during the quarter. Invesco QQQ accounts for about 11.5% of AJ Advisors LLC's holdings, making the stock its 3rd biggest holding. AJ Advisors LLC's holdings in Invesco QQQ were worth $22,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Wilkins Miller Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $1,018,000. Grant Private Wealth Management Inc acquired a new position in shares of Invesco QQQ during the 4th quarter worth $815,000. Gemsstock Ltd. grew its stake in shares of 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 purchasing an additional 213,400 shares during the period. Tandem Investment Partners LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth $4,623,000. Finally, Wescott Financial Advisory Group LLC grew its stake in shares of Invesco QQQ by 1.8% during 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. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of NASDAQ:QQQ traded up $1.36 on Friday, reaching $566.37. 30,579,821 shares of the company were exchanged, compared to its average volume of 40,473,144. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $567.70. The company has a 50-day moving average of $539.14 and a 200-day moving average of $508.80.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.42%.
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.
Recommended Stories
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
