Spire Wealth Management Has $17.23 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Spire Wealth Management raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,742 shares of the exchange traded fund's stock after acquiring an additional 3,456 shares during the quarter. Spire Wealth Management's holdings in Invesco QQQ were worth $17,229,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its holdings in Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the last quarter. NWI Management LP grew 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 valued at $331,277,000 after buying an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC grew 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 valued at $8,777,850,000 after buying an additional 1,868,580 shares during the last quarter. Senator Investment Group LP bought a new position in Invesco QQQ in the 4th quarter worth $679,936,000. Finally, Asset Planning Services Inc. LA ADV lifted its position in Invesco QQQ by 100,517.9% during 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 acquiring an additional 931,801 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.9%

Invesco QQQ stock traded up $5.06 on Thursday, reaching $546.22. 43,614,634 shares of the stock were exchanged, compared to its average volume of 38,800,459. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $546.76. The firm has a fifty day moving average price of $505.63 and a two-hundred day moving average price of $503.71.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.43%.

Invesco QQQ 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.