Manuka Financial LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 691 shares of the exchange traded fund's stock, valued at approximately $324,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth approximately $1,018,000. Grant Private Wealth Management Inc purchased a new stake in Invesco QQQ in the fourth quarter worth approximately $815,000. Gemsstock Ltd. boosted its stake in Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after buying an additional 213,400 shares in the last quarter. Tandem Investment Partners LLC purchased a new stake in Invesco QQQ in the fourth quarter worth approximately $4,623,000. Finally, Wescott Financial Advisory Group LLC boosted its stake in Invesco QQQ by 1.8% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock worth $75,071,000 after buying an additional 2,600 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Down 0.2%
QQQ traded down $1.25 during midday trading on Friday, hitting $554.20. The stock had a trading volume of 39,558,757 shares, compared to its average volume of 39,410,558. The business has a fifty day moving average of $525.75 and a 200 day moving average of $505.74. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.63.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.
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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