Watts Gwilliam & Co. LLC Increases Stock Holdings in Invesco QQQ $QQQ

Key Points

• Watts Gwilliam & Co. LLC increased its holdings in Invesco QQQ by 12.4% in Q1, owning 11,821 shares worth approximately $5.54 million, making it the firm's 22nd largest position.
• A total of 44.58% of Invesco QQQ shares are owned by hedge funds and institutional investors, with several firms purchasing new stakes recently, such as Marshall & Sterling Wealth Advisors and Alpine Bank Wealth Management.
• The shares of Invesco QQQ are currently valued at $577.34, down 0.4% from previous trading, with a 1-year high of $583.32 and a low of $402.39.

Watts Gwilliam & Co. LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,821 shares of the exchange traded fund's stock after purchasing an additional 1,303 shares during the period. Invesco QQQ accounts for 1.2% of Watts Gwilliam & Co. LLC's investment portfolio, making the stock its 22nd biggest position. Watts Gwilliam & Co. LLC's holdings in Invesco QQQ were worth $5,543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ in the first quarter worth about $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ in the first quarter worth about $51,000. Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $57,000. Finally, Blume Capital Management Inc. boosted its position in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after buying an additional 2,536 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.4%

Shares of NASDAQ QQQ opened at $577.34 on Monday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $583.32. The business has a 50-day moving average of $554.13 and a 200-day moving average of $514.06.

Invesco QQQ Cuts Dividend

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

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.

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