Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Activest Wealth Management

Activest Wealth Management increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,088 shares of the exchange traded fund's stock after buying an additional 1,903 shares during the quarter. Invesco QQQ comprises approximately 6.6% of Activest Wealth Management's holdings, making the stock its 5th largest position. Activest Wealth Management's holdings in Invesco QQQ were worth $13,804,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its stake in Invesco QQQ by 40,957.3% during the 4th quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund's stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in Invesco QQQ in the first quarter worth about $1,580,776,000. CHURCHILL MANAGEMENT Corp lifted its holdings in Invesco QQQ by 30.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund's stock worth $819,814,000 after purchasing an additional 433,317 shares during the period. Comerica Bank bought a new position in Invesco QQQ in the 3rd quarter valued at about $140,657,000. Finally, Granite Bay Wealth Management LLC increased its stake in Invesco QQQ by 47.1% during the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund's stock valued at $451,075,000 after buying an additional 378,922 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.2 %

Shares of NASDAQ:QQQ traded up $0.89 during trading on Tuesday, reaching $455.80. The company had a trading volume of 23,103,437 shares, compared to its average volume of 43,909,910. The firm's fifty day moving average is $438.17 and its 200 day moving average is $420.60. Invesco QQQ has a twelve month low of $329.56 and a twelve month high of $455.99.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Monday, March 18th.

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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