LaSalle St. Investment Advisors LLC raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 14.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,877 shares of the exchange traded fund's stock after buying an additional 607 shares during the period. LaSalle St. Investment Advisors LLC's holdings in Invesco QQQ were worth $2,286,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the 4th quarter worth $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $51,000. Finally, Banque Transatlantique SA bought a new stake in shares of Invesco QQQ during the fourth quarter worth $57,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Price Performance
QQQ traded up $5.31 during trading on Friday, reaching $574.55. 35,191,297 shares of the company's stock were exchanged, compared to its average volume of 44,779,680. The company's fifty day moving average price is $549.00 and its 200-day moving average price is $512.37. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $574.77.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.
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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