Litman Gregory Wealth Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 224.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,516 shares of the exchange traded fund's stock after buying an additional 3,122 shares during the quarter. Litman Gregory Wealth Management LLC's holdings in Invesco QQQ were worth $2,118,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the fourth quarter worth approximately $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the first quarter worth approximately $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ in the fourth quarter worth approximately $57,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Up 0.8%
QQQ traded up $4.51 during trading on Thursday, hitting $561.80. The company's stock had a trading volume of 40,157,109 shares, compared to its average volume of 39,500,442. Invesco QQQ has a one year low of $402.39 and a one year high of $562.49. The business's 50 day simple moving average is $531.45 and its 200-day simple moving average is $506.52.
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 paid a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.42%.
Invesco QQQ 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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