Lauer Wealth LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 21.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,563 shares of the exchange traded fund's stock after buying an additional 7,685 shares during the period. Invesco QQQ accounts for approximately 16.1% of Lauer Wealth LLC's investment portfolio, making the stock its biggest position. Lauer Wealth LLC's holdings in Invesco QQQ were worth $20,713,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter valued at $36,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the first quarter valued at $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ during the fourth quarter worth approximately $57,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
Shares of QQQ stock opened at $554.20 on Monday. The firm has a 50 day moving average price of $527.06 and a two-hundred day moving average price of $505.58. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $557.63.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.
Invesco QQQ Company Profile
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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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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