Obermeyer Wealth Partners raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,362 shares of the exchange traded fund's stock after acquiring an additional 1,291 shares during the period. Obermeyer Wealth Partners' holdings in Invesco QQQ were worth $17,520,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Wilkins Miller Wealth Management LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $1,018,000. Grant Private Wealth Management Inc acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $815,000. Gemsstock Ltd. lifted its holdings 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 purchasing an additional 213,400 shares during the period. Tandem Investment Partners LLC acquired a new position in Invesco QQQ during the fourth quarter worth about $4,623,000. Finally, Wescott Financial Advisory Group LLC lifted its holdings in shares of Invesco QQQ by 1.8% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock valued at $75,071,000 after buying an additional 2,600 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Trading Up 0.5%
Shares of NASDAQ QQQ opened at $564.17 on Tuesday. The stock has a 50 day moving average of $534.38 and a 200-day moving average of $507.13. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $566.06.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.
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.
See Also
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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