White Wing Wealth Management raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,647 shares of the exchange traded fund's stock after buying an additional 986 shares during the quarter. Invesco QQQ accounts for 8.4% of White Wing Wealth Management's holdings, making the stock its 5th biggest holding. White Wing Wealth Management's holdings in Invesco QQQ were worth $10,502,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ during the 4th quarter worth $36,000. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $51,000. Banque Transatlantique SA bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $57,000. Finally, Perritt Capital Management Inc bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $61,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ opened at $529.08 on Wednesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The stock's fifty day moving average is $496.20 and its 200 day moving average is $503.08.
Invesco QQQ Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
About Invesco QQQ
(
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.
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