TriaGen Wealth Management LLC Has $634,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Key Points

• TriaGen Wealth Management LLC increased its holdings in Invesco QQQ by 144.7% in Q1, now owning 1,353 shares valued at $634,000.
• Institutional investors collectively own 44.58% of Invesco QQQ, with notable increases in stakes from firms like Goldman Sachs, which raised its stake by 959.6%.
• Invesco QQQ's recent quarterly dividend was $0.5911 per share, with an annualized yield of 0.4%.

TriaGen Wealth Management LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 144.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,353 shares of the exchange traded fund's stock after acquiring an additional 800 shares during the period. TriaGen Wealth Management LLC's holdings in Invesco QQQ were worth $634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock valued at $11,300,023,000 after acquiring an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new position in Invesco QQQ during the first quarter valued at about $2,775,904,000. Ameriprise Financial Inc. increased its stake in Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after acquiring an additional 756,990 shares during the period. Commonwealth Equity Services LLC increased its stake in Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock valued at $1,163,036,000 after acquiring an additional 54,944 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Invesco QQQ by 34.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after purchasing an additional 568,120 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.4%

QQQ stock opened at $577.34 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $583.32. The business's 50 day moving average is $554.13 and its 200-day moving average is $514.12.

Invesco QQQ Cuts Dividend

The firm 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 dividend on an annualized basis and a yield of 0.4%.

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.

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