Lee Johnson Capital Management LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,829 shares of the exchange traded fund's stock, valued at approximately $1,795,000. Invesco QQQ comprises about 0.9% of Lee Johnson Capital Management LLC's portfolio, making the stock its 26th largest holding.
Other hedge funds have also modified their holdings of the company. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ during the 4th quarter worth about $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the first quarter worth approximately $51,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $57,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
NASDAQ:QQQ traded up $0.31 on Tuesday, hitting $552.34. 36,064,065 shares of the stock were exchanged, compared to its average volume of 39,285,999. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $557.20. The stock has a fifty day moving average of $521.12 and a 200-day moving average of $504.84.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.
Invesco QQQ Company Profile
(
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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