Proactive Wealth Strategies LLC grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 70.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,872 shares of the exchange traded fund's stock after purchasing an additional 2,017 shares during the quarter. Proactive Wealth Strategies LLC's holdings in Invesco QQQ were worth $2,284,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Providence First Trust Co grew its holdings in shares of Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock worth $346,000 after purchasing an additional 20 shares during the period. Diversified Enterprises LLC raised its holdings in Invesco QQQ by 0.4% in the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after buying an additional 20 shares during the period. Prevail Innovative Wealth Advisors LLC lifted its position in Invesco QQQ by 4.3% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock valued at $247,000 after buying an additional 20 shares during the last quarter. Legacy Investment Solutions LLC boosted its stake in Invesco QQQ by 8.2% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after buying an additional 20 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC boosted its stake in Invesco QQQ by 0.3% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after buying an additional 20 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Shares of Invesco QQQ stock traded up $5.06 on Thursday, reaching $546.22. The company had a trading volume of 43,614,634 shares, compared to its average volume of 38,801,022. The firm's 50 day moving average price is $505.63 and its two-hundred day moving average price is $503.71. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $547.05.
Invesco QQQ Cuts Dividend
The company 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 $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. 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.
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