Sightline Wealth Advisors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,189 shares of the exchange traded fund's stock after acquiring an additional 2,027 shares during the quarter. Invesco QQQ comprises about 2.8% of Sightline Wealth Advisors LLC's investment portfolio, making the stock its 8th biggest holding. Sightline Wealth Advisors LLC's holdings in Invesco QQQ were worth $5,247,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Bridge Generations Wealth Management LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter worth $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ in the fourth quarter worth $57,000. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Trading Up 0.0%
QQQ stock traded up $0.19 during mid-day trading on Tuesday, reaching $552.22. 13,715,029 shares of the stock traded hands, compared to its average volume of 39,201,843. Invesco QQQ has a one year low of $402.39 and a one year high of $557.20. The business has a 50-day moving average price of $521.12 and a two-hundred day moving average price of $504.84.
Invesco QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Monday, June 23rd.
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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