Invesco QQQ $QQQ Shares Acquired by Blue Rock Wealth Management LLC

Key Points

• Blue Rock Wealth Management LLC increased its holdings in Invesco QQQ by 17.8%, owning 7,759 shares valued at approximately $3.6 million, making it the fund's 8th largest position.
• Other institutional investors, including Alpine Bank Wealth Management and Westend Capital Management, also acquired new positions in Invesco QQQ during the first quarter, with institutional ownership at 44.58%.
• The company declared a quarterly dividend of $0.5911 per share, reflecting an annualized dividend yield of 0.4%.

Blue Rock Wealth Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,759 shares of the exchange traded fund's stock after buying an additional 1,175 shares during the period. Invesco QQQ comprises 3.1% of Blue Rock Wealth Management LLC's portfolio, making the stock its 8th largest position. Blue Rock Wealth Management LLC's holdings in Invesco QQQ were worth $3,638,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the 1st quarter valued at $51,000. Blume Capital Management Inc. increased its position in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after purchasing an additional 2,536 shares during the period. Atlantic Private Wealth LLC increased its position in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after purchasing an additional 120 shares during the period. Finally, Putney Financial Group LLC acquired a new position in shares of Invesco QQQ during the 4th quarter valued at $67,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.3%

Shares of QQQ stock opened at $580.51 on Wednesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $583.32. The business's fifty day moving average is $566.46 and its 200-day moving average is $519.13.

Invesco QQQ Cuts Dividend

The company also recently declared 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 annualized dividend 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.

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