Invesco QQQ $QQQ Shares Bought by Transamerica Financial Advisors LLC

Key Points

• Transamerica Financial Advisors LLC increased its stake in Invesco QQQ by 2.8%, making it 3.0% of their portfolio and ranking as their 4th largest position with holdings worth approximately $29.3 million.
• A number of institutional investors, including Marshall & Sterling Wealth Advisors and Alpine Bank Wealth Management, have recently added new stakes in Invesco QQQ, contributing to a total institutional ownership of 44.58%.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, resulting in an annualized yield of 0.4%.

Transamerica Financial Advisors LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,451 shares of the exchange traded fund's stock after purchasing an additional 1,697 shares during the quarter. Invesco QQQ comprises about 3.0% of Transamerica Financial Advisors LLC's investment portfolio, making the stock its 4th largest position. Transamerica Financial Advisors LLC's holdings in Invesco QQQ were worth $29,285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Triad Wealth Partners LLC raised its holdings in shares of Invesco QQQ by 16.5% in the first quarter. Triad Wealth Partners LLC now owns 1,813 shares of the exchange traded fund's stock valued at $850,000 after buying an additional 257 shares during the last quarter. Note Advisors LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at about $289,000. RB Capital Management LLC raised its stake in shares of Invesco QQQ by 1.5% in the first quarter. RB Capital Management LLC now owns 2,228 shares of the exchange traded fund's stock worth $1,045,000 after acquiring an additional 33 shares during the last quarter. CreativeOne Wealth LLC raised its stake in shares of Invesco QQQ by 15.3% in the first quarter. CreativeOne Wealth LLC now owns 74,323 shares of the exchange traded fund's stock worth $34,851,000 after acquiring an additional 9,856 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in shares of Invesco QQQ by 21.1% during the first quarter. Ieq Capital LLC now owns 514,985 shares of the exchange traded fund's stock worth $241,494,000 after purchasing an additional 89,716 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $3.59 during midday trading on Thursday, reaching $577.08. The company had a trading volume of 46,700,719 shares, compared to its average volume of 46,338,520. The stock has a fifty day simple moving average of $561.37 and a 200 day simple moving average of $517.09. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ Company 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.