Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 129.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,453 shares of the exchange traded fund's stock after buying an additional 12,110 shares during the quarter. Invesco QQQ comprises approximately 2.2% of Tyche Wealth Partners LLC's investment portfolio, making the stock its 10th biggest position. Tyche Wealth Partners LLC's holdings in Invesco QQQ were worth $10,060,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QQQ. Wilkins Miller Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $1,018,000. Synergy Investment Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $723,000. Grant Private Wealth Management Inc bought a new position in Invesco QQQ in the fourth quarter valued at approximately $815,000. Tandem Investment Partners LLC bought a new position in Invesco QQQ in the fourth quarter valued at approximately $4,623,000. Finally, Gemsstock Ltd. raised its position in Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after purchasing an additional 213,400 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.9%

NASDAQ QQQ traded up $5.06 on Thursday, hitting $546.22. 43,614,634 shares of the company's stock were exchanged, compared to its average volume of 38,800,462. The stock has a 50-day moving average of $505.63 and a 200-day moving average of $503.71. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $546.76.

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 dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.

Invesco QQQ 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.