Daymark Wealth Partners LLC Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

Daymark Wealth Partners LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,890 shares of the exchange traded fund’s stock after purchasing an additional 1,087 shares during the period. Daymark Wealth Partners LLC’s holdings in Invesco QQQ were worth $9,327,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ in the fourth quarter worth $36,000. Banque Transatlantique SA bought a new stake in shares of Invesco QQQ in the fourth quarter worth $57,000. Perritt Capital Management Inc bought a new stake in shares of Invesco QQQ in the fourth quarter worth $61,000. Finally, Frazier Financial Advisors LLC boosted its holdings in Invesco QQQ by 1,288.9% in the fourth quarter. Frazier Financial Advisors LLC now owns 125 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 116 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5%

Invesco QQQ stock opened at $539.78 on Wednesday. The company has a fifty day moving average price of $503.69 and a two-hundred day moving average price of $503.45. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, June 23rd.

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.