Significant Wealth Partners LLC raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 67.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,688 shares of the exchange traded fund's stock after acquiring an additional 1,086 shares during the period. Invesco QQQ makes up 0.6% of Significant Wealth Partners LLC's investment portfolio, making the stock its 7th largest holding. Significant Wealth Partners LLC's holdings in Invesco QQQ were worth $1,261,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. NWI Management LP grew its holdings in Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC grew its stake in Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares during the period. Senator Investment Group LP purchased a new stake in Invesco QQQ during the fourth quarter worth approximately $679,936,000. Spear Holdings RSC Ltd purchased a new stake in Invesco QQQ during the first quarter worth approximately $474,600,000. Finally, Asset Planning Services Inc. LA ADV grew its stake in Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after buying an additional 931,801 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
QQQ traded down $0.00 during trading on Friday, hitting $555.45. 26,596,719 shares of the company's stock were exchanged, compared to its average volume of 39,403,796. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.63. The stock has a 50 day moving average price of $525.75 and a 200 day moving average price of $505.74.
Invesco QQQ Cuts Dividend
The company 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 $0.5911 dividend. The ex-dividend date of this dividend 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.
Further Reading
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
