Invesco QQQ (NASDAQ:QQQ) Shares Bought by GSB Wealth Management LLC

GSB Wealth Management LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,119 shares of the exchange traded fund’s stock after acquiring an additional 467 shares during the period. Invesco QQQ makes up about 1.2% of GSB Wealth Management LLC’s portfolio, making the stock its 17th biggest position. GSB Wealth Management LLC’s holdings in Invesco QQQ were worth $4,745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Colorado Capital Management Inc. raised its holdings in shares of Invesco QQQ by 3.6% during the first quarter. Colorado Capital Management Inc. now owns 3,488 shares of the exchange traded fund’s stock worth $1,636,000 after purchasing an additional 121 shares during the last quarter. Optivise Advisory Services LLC grew its position in Invesco QQQ by 2.0% during the 1st quarter. Optivise Advisory Services LLC now owns 3,412 shares of the exchange traded fund’s stock worth $1,600,000 after purchasing an additional 67 shares during the period. Rakuten Securities Inc. grew its position in Invesco QQQ by 32.8% during the 1st quarter. Rakuten Securities Inc. now owns 9,121 shares of the exchange traded fund’s stock worth $4,277,000 after purchasing an additional 2,255 shares during the period. Insigneo Advisory Services LLC raised its stake in shares of Invesco QQQ by 15.5% during the 1st quarter. Insigneo Advisory Services LLC now owns 36,485 shares of the exchange traded fund’s stock valued at $17,109,000 after buying an additional 4,908 shares during the last quarter. Finally, Pacific Capital Wealth Advisors Inc. raised its stake in shares of Invesco QQQ by 3.7% during the 1st quarter. Pacific Capital Wealth Advisors Inc. now owns 73,802 shares of the exchange traded fund’s stock valued at $34,607,000 after buying an additional 2,612 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 1.0%

Shares of QQQ stock opened at $529.08 on Wednesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The stock has a 50 day moving average of $496.20 and a 200 day moving average of $503.08.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

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.