Revisor Wealth Management LLC boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 81.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,679 shares of the exchange traded fund's stock after purchasing an additional 1,204 shares during the period. Revisor Wealth Management LLC's holdings in Invesco QQQ were worth $1,258,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the fourth quarter worth about $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ in the first quarter worth about $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ during the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $57,000. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Trading Up 0.7%
Shares of NASDAQ:QQQ opened at $550.80 on Thursday. The stock has a 50 day moving average of $516.09 and a 200 day moving average of $504.49. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $552.80.
Invesco QQQ Cuts Dividend
The company also recently declared 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. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%.
Invesco QQQ Profile
(
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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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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