Well Done LLC Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Well Done LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 2.3% in the first quarter, HoldingsChannel reports. The firm owned 2,646 shares of the exchange traded fund’s stock after acquiring an additional 60 shares during the quarter. Well Done LLC’s holdings in Invesco QQQ were worth $1,353,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sterling Investment Counsel LLC purchased a new position in Invesco QQQ in the first quarter valued at $857,000. TCI Wealth Advisors Inc. boosted its holdings in Invesco QQQ by 4.0% in the first quarter. TCI Wealth Advisors Inc. now owns 5,030 shares of the exchange traded fund’s stock valued at $2,359,000 after purchasing an additional 194 shares during the period. Duncan Williams Asset Management LLC boosted its holdings in Invesco QQQ by 6.0% in the first quarter. Duncan Williams Asset Management LLC now owns 11,778 shares of the exchange traded fund’s stock valued at $5,523,000 after purchasing an additional 666 shares during the period. MGO Private Wealth LLC lifted its holdings in Invesco QQQ by 110.9% during the 1st quarter. MGO Private Wealth LLC now owns 3,295 shares of the exchange traded fund’s stock worth $1,545,000 after buying an additional 1,733 shares during the last quarter. Finally, Institute for Wealth Management LLC. lifted its holdings in Invesco QQQ by 25.0% during the 1st quarter. Institute for Wealth Management LLC. now owns 25,630 shares of the exchange traded fund’s stock worth $12,018,000 after buying an additional 5,122 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.0%

Shares of NASDAQ QQQ opened at $528.99 on Thursday. The business has a 50-day moving average of $497.46 and a two-hundred day moving average of $503.26. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.