Refined Wealth Management Purchases New Shares in Invesco QQQ (NASDAQ:QQQ)

Refined Wealth Management purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 24,582 shares of the exchange traded fund's stock, valued at approximately $11,527,000. Invesco QQQ makes up 9.4% of Refined Wealth Management's investment portfolio, making the stock its 3rd largest position.

Other large investors have also added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the 4th quarter worth $36,000. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $51,000. Banque Transatlantique SA acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $57,000. Finally, Perritt Capital Management Inc acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $61,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.4%

NASDAQ QQQ opened at $526.83 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a 50-day simple moving average of $500.57 and a 200-day simple moving average of $503.28.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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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