Invesco QQQ $QQQ Shares Purchased by Blue Zone Wealth Advisors LLC

Key Points

• Blue Zone Wealth Advisors LLC raised its stake in Invesco QQQ by 9.3% in Q4, buying 4,175 shares to hold 49,017 shares valued at $30,112,000, with QQQ representing about 5.8% of its portfolio and its largest holding.
• Invesco QQQ paid a quarterly dividend of $0.7328 (annualized $2.93) for a yield of 0.5%; shares opened at $588.50, trading in a 12‑month range of $402.39–$637.01 with 50‑ and 200‑day moving averages around $601 and $609 respectively.
• About 44.58% of QQQ is owned by institutional investors and hedge funds, and several smaller advisers recently initiated or increased positions in the ETF.

Blue Zone Wealth Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,017 shares of the exchange traded fund's stock after buying an additional 4,175 shares during the quarter. Invesco QQQ accounts for about 5.8% of Blue Zone Wealth Advisors LLC's portfolio, making the stock its largest holding. Blue Zone Wealth Advisors LLC's holdings in Invesco QQQ were worth $30,112,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Goodman Advisory Group LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter worth $25,000. Shcp LLC acquired a new position in Invesco QQQ during the 3rd quarter worth approximately $27,000. Navigoe LLC increased its position in Invesco QQQ by 300.0% during the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund's stock worth $36,000 after purchasing an additional 45 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Invesco QQQ during the 3rd quarter worth approximately $40,000. Finally, PayPay Securities Corp increased its position in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund's stock worth $41,000 after purchasing an additional 30 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.6%

Shares of QQQ opened at $588.50 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The business has a 50-day simple moving average of $601.34 and a two-hundred day simple moving average of $609.38.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.5%.

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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