Oak Harvest Investment Services boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 75.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,232 shares of the exchange traded fund's stock after purchasing an additional 531 shares during the period. Oak Harvest Investment Services' holdings in Invesco QQQ were worth $578,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ during the 4th quarter worth $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ in the first quarter valued at about $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ in the first quarter valued at about $51,000. Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $57,000. Finally, Blume Capital Management Inc. boosted its holdings in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Stock Up 1.5%
Shares of NASDAQ:QQQ opened at $571.97 on Friday. The firm's 50-day simple moving average is $557.92 and its 200-day simple moving average is $515.74. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.
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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