Ascent Wealth Partners LLC increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,020 shares of the exchange traded fund's stock after acquiring an additional 7,041 shares during the quarter. Invesco QQQ accounts for approximately 6.4% of Ascent Wealth Partners LLC's portfolio, making the stock its 2nd largest position. Ascent Wealth Partners LLC's holdings in Invesco QQQ were worth $47,618,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of QQQ. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at $36,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ in the 4th quarter valued at $57,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
NASDAQ QQQ traded down $0.54 during mid-day trading on Friday, hitting $561.26. The company's stock had a trading volume of 50,428,921 shares, compared to its average volume of 39,544,174. The company's 50 day simple moving average is $532.92 and its 200 day simple moving average is $506.84. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $563.36.
Invesco QQQ Cuts Dividend
The firm also recently declared 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. This represents a $2.36 annualized dividend and a yield of 0.42%. The ex-dividend date 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.
Read More
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
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
