Pandora Wealth Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,452 shares of the exchange traded fund's stock, valued at approximately $1,619,000. Invesco QQQ makes up 1.1% of Pandora Wealth Inc.'s portfolio, making the stock its 20th biggest holding.
Other hedge funds also recently modified their holdings of the company. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ during the 4th quarter valued at $36,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ during the 1st quarter valued at $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ during the 1st quarter valued at $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ during the 4th quarter valued at $57,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of QQQ stock opened at $574.55 on Friday. The firm has a fifty day simple moving average of $549.00 and a two-hundred day simple moving average of $512.37. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $574.77.
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 paid a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.
Invesco QQQ Profile
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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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