Retirement Guys Formula LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,339 shares of the exchange traded fund's stock after purchasing an additional 1,323 shares during the period. Invesco QQQ makes up about 1.9% of Retirement Guys Formula LLC's portfolio, making the stock its 9th biggest holding. Retirement Guys Formula LLC's holdings in Invesco QQQ were worth $3,910,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC bought 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 in the 4th quarter valued at $36,000. Banque Transatlantique SA bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $57,000. Perritt Capital Management Inc acquired a new stake in shares of Invesco QQQ during the 4th quarter worth $61,000. Finally, Frazier Financial Advisors LLC grew its holdings in shares of Invesco QQQ by 1,288.9% during the 4th quarter. Frazier Financial Advisors LLC now owns 125 shares of the exchange traded fund's stock worth $64,000 after purchasing an additional 116 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Up 0.9%
QQQ stock traded up $5.06 during midday trading on Thursday, reaching $546.22. The company had a trading volume of 43,614,634 shares, compared to its average volume of 38,801,022. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $547.05. The stock has a 50 day moving average price of $505.63 and a 200-day moving average price of $503.71.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.
Invesco QQQ Company Profile
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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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