Jackson Hole Capital Partners LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,126 shares of the exchange traded fund's stock after purchasing an additional 487 shares during the quarter. Invesco QQQ accounts for 1.2% of Jackson Hole Capital Partners LLC's investment portfolio, making the stock its 18th biggest holding. Jackson Hole Capital Partners LLC's holdings in Invesco QQQ were worth $6,155,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the fourth quarter worth $36,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter worth $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ in the fourth quarter worth $57,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Stock Up 0.2%
QQQ stock traded up $1.20 during mid-day trading on Thursday, reaching $565.01. 42,156,201 shares of the stock traded hands, compared to its average volume of 40,549,944. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $566.24. The business has a 50-day moving average of $538.24 and a two-hundred day moving average of $508.49.
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend 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.
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