Serenus Wealth Advisors LLC Acquires 550 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Points

• Serenus Wealth Advisors LLC increased its stake in Invesco QQQ by 0.5%, now owning 102,140 shares worth approximately $43.87 million.
• A number of other large institutional investors have also recently purchased stakes in Invesco QQQ, contributing to a total institutional ownership of 44.58%.
• Invesco QQQ announced a quarterly dividend of $0.5911, with an annualized yield of 0.42%, set to be paid on July 31st.

Serenus Wealth Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,140 shares of the exchange traded fund's stock after purchasing an additional 550 shares during the period. Invesco QQQ comprises about 5.4% of Serenus Wealth Advisors LLC's portfolio, making the stock its 5th largest position. Serenus Wealth Advisors LLC's holdings in Invesco QQQ were worth $43,869,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. NWI Management LP boosted its stake in Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC boosted its stake in Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP acquired a new position in Invesco QQQ in the 4th quarter worth $679,936,000. Spear Holdings RSC Ltd acquired a new position in Invesco QQQ in the 1st quarter worth $474,600,000. Finally, Asset Planning Services Inc. LA ADV boosted its stake in Invesco QQQ by 100,517.9% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after purchasing an additional 931,801 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.1%

Invesco QQQ stock traded down $0.29 during mid-day trading on Tuesday, reaching $567.85. The company's stock had a trading volume of 24,141,866 shares, compared to its average volume of 44,501,848. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $572.11. The business's 50 day simple moving average is $540.06 and its 200 day simple moving average is $509.18.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.42%.

Invesco QQQ Company 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.