MorganRosel Wealth Management LLC Purchases 1,665 Shares of Invesco QQQ (NASDAQ:QQQ)

MorganRosel Wealth Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,314 shares of the exchange traded fund's stock after purchasing an additional 1,665 shares during the quarter. Invesco QQQ makes up about 2.5% of MorganRosel Wealth Management LLC's investment portfolio, making the stock its 11th largest position. MorganRosel Wealth Management LLC's holdings in Invesco QQQ were worth $8,119,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Valley National Advisers Inc. boosted its holdings in Invesco QQQ by 224.1% during the 1st quarter. Valley National Advisers Inc. now owns 5,176 shares of the exchange traded fund's stock valued at $2,426,000 after acquiring an additional 3,579 shares during the period. Socha Financial Group LLC boosted its holdings in Invesco QQQ by 3.1% during the 1st quarter. Socha Financial Group LLC now owns 97,942 shares of the exchange traded fund's stock valued at $45,927,000 after acquiring an additional 2,909 shares during the period. Albion Financial Group UT boosted its holdings in Invesco QQQ by 50.3% during the 1st quarter. Albion Financial Group UT now owns 30,526 shares of the exchange traded fund's stock valued at $14,314,000 after acquiring an additional 10,215 shares during the period. Shilanski & Associates Inc. boosted its holdings in Invesco QQQ by 14.3% during the 1st quarter. Shilanski & Associates Inc. now owns 1,018 shares of the exchange traded fund's stock valued at $477,000 after acquiring an additional 127 shares during the period. Finally, Waterfront Wealth Inc. boosted its holdings in Invesco QQQ by 7.3% during the 1st quarter. Waterfront Wealth Inc. now owns 1,557 shares of the exchange traded fund's stock valued at $730,000 after acquiring an additional 106 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $548.09 on Monday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $552.23. The business has a 50-day moving average of $509.76 and a 200 day moving average of $503.72.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

Invesco QQQ 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.

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