Nikulski Financial Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,594 shares of the exchange traded fund's stock after purchasing an additional 832 shares during the quarter. Invesco QQQ accounts for about 2.6% of Nikulski Financial Inc.'s holdings, making the stock its 8th largest holding. Nikulski Financial Inc.'s holdings in Invesco QQQ were worth $8,719,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ during the 1st quarter worth approximately $51,000. Finally, Banque Transatlantique SA purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of QQQ stock traded down $1.25 during trading hours on Friday, reaching $554.20. The company had a trading volume of 39,558,757 shares, compared to its average volume of 39,410,561. The stock has a fifty day moving average of $527.06 and a 200-day moving average of $505.91. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $557.63.
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. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%.
About Invesco QQQ
(
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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