Seamount Financial Group Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,599 shares of the exchange traded fund's stock after purchasing an additional 648 shares during the quarter. Invesco QQQ comprises approximately 2.1% of Seamount Financial Group Inc.'s holdings, making the stock its 12th largest holding. Seamount Financial Group Inc.'s holdings in Invesco QQQ were worth $3,094,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also bought and sold shares of QQQ. Wilkins Miller Wealth Management LLC bought a new position in Invesco QQQ during the 4th quarter valued at about $1,018,000. Grant Private Wealth Management Inc bought a new position in Invesco QQQ during the 4th quarter valued at about $815,000. Gemsstock Ltd. grew its holdings in Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after purchasing an additional 213,400 shares during the last quarter. Tandem Investment Partners LLC bought a new position in Invesco QQQ during the 4th quarter valued at about $4,623,000. Finally, Wescott Financial Advisory Group LLC grew its holdings in Invesco QQQ by 1.8% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock valued at $75,071,000 after purchasing an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
QQQ stock traded down $1.25 during mid-day trading on Friday, reaching $554.20. The company had a trading volume of 39,558,757 shares, compared to its average volume of 39,410,558. The firm has a 50 day moving average of $525.75 and a 200 day moving average of $505.74. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.63.
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 annualized dividend 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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