Vista Cima Wealth Management LLC Raises Stock Position in Invesco QQQ $QQQ

Key Points

• Vista Cima Wealth Management LLC increased its stake in Invesco QQQ by 4.5%, acquiring an additional 1,091 shares during the first quarter, bringing its total holdings to 25,355 shares valued at approximately $11.89 million.
• Goldman Sachs Group Inc. made a significant investment in Invesco QQQ, boosting its stake by 959.6% to 24,097,975 shares, worth over $11.3 billion.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, with an annualized yield of 0.4% and an ex-dividend date of June 23rd.

Vista Cima Wealth Management LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,355 shares of the exchange traded fund's stock after acquiring an additional 1,091 shares during the period. Invesco QQQ comprises about 8.7% of Vista Cima Wealth Management LLC's investment portfolio, making the stock its 2nd largest holding. Vista Cima Wealth Management LLC's holdings in Invesco QQQ were worth $11,889,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of QQQ. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the 1st quarter valued at $51,000. Blume Capital Management Inc. boosted its stake in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after purchasing an additional 2,536 shares during the period. Atlantic Private Wealth LLC increased its holdings in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 120 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at about $67,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $2.58 during trading on Friday, reaching $586.66. The stock had a trading volume of 50,702,733 shares, compared to its average volume of 46,804,284. The stock has a fifty day moving average price of $568.24 and a two-hundred day moving average price of $520.50. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $587.86.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.