Montag A & Associates Inc. Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Montag A & Associates Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,343 shares of the exchange traded fund's stock after purchasing an additional 541 shares during the period. Montag A & Associates Inc.'s holdings in Invesco QQQ were worth $2,979,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQ. Prevail Innovative Wealth Advisors LLC grew its stake in Invesco QQQ by 4.3% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock valued at $247,000 after acquiring an additional 20 shares during the period. Legacy Investment Solutions LLC lifted its holdings in shares of Invesco QQQ by 8.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after purchasing an additional 20 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 0.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after purchasing an additional 20 shares in the last quarter. Willis Johnson & Associates Inc. lifted its holdings in Invesco QQQ by 2.6% during the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after acquiring an additional 21 shares during the period. Finally, MTM Investment Management LLC lifted its holdings in Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after acquiring an additional 21 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded up $1.06 during mid-day trading on Thursday, hitting $564.87. The stock had a trading volume of 18,393,512 shares, compared to its average volume of 44,674,121. The business has a fifty day moving average price of $537.33 and a 200-day moving average price of $508.21. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $566.06.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.

Invesco QQQ Company Profile

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.