Veridan Wealth LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 28.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,691 shares of the exchange traded fund's stock after buying an additional 1,256 shares during the period. Invesco QQQ comprises about 1.2% of Veridan Wealth LLC's holdings, making the stock its 25th largest position. Veridan Wealth LLC's holdings in Invesco QQQ were worth $2,669,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Wilkins Miller Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $1,018,000. Synergy Investment Management LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $723,000. Grant Private Wealth Management Inc purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $815,000. Tandem Investment Partners LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $4,623,000. Finally, Gemsstock Ltd. raised its holdings in shares of Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after purchasing an additional 213,400 shares during the last quarter. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Performance
Shares of QQQ stock traded up $4.82 on Monday, hitting $531.65. The stock had a trading volume of 49,844,913 shares, compared to its average volume of 38,683,302. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The business has a 50 day moving average of $502.05 and a 200 day moving average of $503.19.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.44%.
Invesco QQQ Company 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.
Read More
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
