Clark Asset Management LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 28.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,508 shares of the exchange traded fund's stock after purchasing an additional 1,677 shares during the quarter. Invesco QQQ makes up about 0.6% of Clark Asset Management LLC's portfolio, making the stock its 26th biggest holding. Clark Asset Management LLC's holdings in Invesco QQQ were worth $3,520,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the 4th quarter valued at about $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA purchased a new stake in Invesco QQQ in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Up 0.9%
QQQ traded up $5.08 on Friday, hitting $555.88. The company had a trading volume of 26,443,524 shares, compared to its average volume of 39,231,028. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.20. The company's fifty day moving average price is $519.53 and its 200 day moving average price is $504.75.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.
About Invesco QQQ
(
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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