1,122 Shares in Invesco QQQ $QQQ Acquired by Seek First Inc.

Key Points

• Seek First Inc. purchased 1,122 shares of Invesco QQQ, valued at approximately $526,000, during the first quarter of the year.
• Invesco QQQ's recent price was $577.34, with a 1-year range of $402.39 (low) to $583.32 (high).
• The company declared a dividend of $0.5911, resulting in an annualized yield of 0.4% for investors.

Seek First Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,122 shares of the exchange traded fund's stock, valued at approximately $526,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Laird Norton Wetherby Wealth Management LLC increased its position 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 acquiring an additional 20 shares during the period. Willis Johnson & Associates Inc. increased its position in Invesco QQQ by 2.6% during the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after acquiring an additional 21 shares during the period. MTM Investment Management LLC increased its position in Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after acquiring an additional 21 shares during the period. Cutler Investment Counsel LLC increased its holdings in Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after buying an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC increased its holdings in Invesco QQQ by 1.6% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after buying an additional 22 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.5%

Invesco QQQ stock traded down $2.9680 on Thursday, hitting $562.9320. The company's stock had a trading volume of 31,559,836 shares, compared to its average volume of 44,901,367. The company has a fifty day moving average price of $556.43 and a 200-day moving average price of $515.17. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

About Invesco QQQ

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.