Johnson Financial Group LLC Acquires New Shares in Invesco QQQ (NASDAQ:QQQ)

Key Points

• Johnson Financial Group LLC has acquired a new stake in Invesco QQQ, purchasing 500 shares valued at approximately $234,000 during the first quarter.
• The Invesco QQQ stock recently reached a high of $574.77 and has experienced a 0.9% increase, with a current trading price of $574.55.
• A recent announcement revealed that Invesco QQQ has cut its quarterly dividend to $0.5911, reflecting an annualized yield of 0.4%.

Johnson Financial Group LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 500 shares of the exchange traded fund's stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the 4th quarter worth $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the 1st quarter worth $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the 1st quarter worth $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ in the 4th quarter worth $57,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.9%

Shares of Invesco QQQ stock opened at $574.55 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $574.77. The stock's fifty day moving average is $549.00 and its 200 day moving average is $512.37.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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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