Kingsman Wealth Management Inc. bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 579 shares of the exchange traded fund's stock, valued at approximately $271,000.
Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Eagle Capital Management LLC raised its position in shares of Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after buying an additional 185 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after purchasing an additional 176 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at $96,000. Finally, Fortis Capital Management LLC grew its holdings in shares of Invesco QQQ by 9.9% during the 4th quarter. Fortis Capital Management LLC now owns 6,717 shares of the exchange traded fund's stock valued at $3,434,000 after purchasing an additional 606 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Shares of QQQ stock traded up $1.81 on Thursday, hitting $565.62. 21,462,366 shares of the company's stock traded hands, compared to its average volume of 44,704,711. Invesco QQQ has a one year low of $402.39 and a one year high of $566.23. The company's fifty day simple moving average is $537.33 and its 200 day simple moving average is $508.21.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.42%. The ex-dividend date 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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