Perigon Wealth Management LLC Has $82.57 Million Position in Invesco QQQ (NASDAQ:QQQ)

Perigon Wealth Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 176,082 shares of the exchange traded fund's stock after purchasing an additional 925 shares during the quarter. Invesco QQQ makes up 2.1% of Perigon Wealth Management LLC's portfolio, making the stock its 4th biggest position. Perigon Wealth Management LLC's holdings in Invesco QQQ were worth $82,568,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of QQQ. White Pine Investment CO grew its position in shares of Invesco QQQ by 1.7% in the 1st quarter. White Pine Investment CO now owns 12,243 shares of the exchange traded fund's stock worth $5,741,000 after buying an additional 205 shares during the last quarter. Tyche Wealth Partners LLC grew its position in shares of Invesco QQQ by 129.6% in the 1st quarter. Tyche Wealth Partners LLC now owns 21,453 shares of the exchange traded fund's stock worth $10,060,000 after buying an additional 12,110 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the 1st quarter worth approximately $50,000. NRI Wealth Management LC grew its position in shares of Invesco QQQ by 1.3% in the 1st quarter. NRI Wealth Management LC now owns 56,927 shares of the exchange traded fund's stock worth $26,694,000 after buying an additional 732 shares during the last quarter. Finally, HBK Sorce Advisory LLC grew its position in shares of Invesco QQQ by 3.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 19,333 shares of the exchange traded fund's stock worth $9,066,000 after buying an additional 558 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.3%

Shares of Invesco QQQ stock opened at $541.16 on Thursday. The firm's 50 day moving average price is $505.63 and its 200-day moving average price is $503.71. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $543.31.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.44%. The ex-dividend date 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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