4Thought Financial Group Inc. Purchases 511 Shares of Invesco QQQ (NASDAQ:QQQ)

4Thought Financial Group Inc. boosted its position in Invesco QQQ (NASDAQ:QQQ) by 8,516.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 517 shares of the exchange traded fund’s stock after acquiring an additional 511 shares during the period. 4Thought Financial Group Inc.’s holdings in Invesco QQQ were worth $242,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Wilkins Miller Wealth Management LLC acquired a new position in Invesco QQQ in the fourth quarter valued at about $1,018,000. Synergy Investment Management LLC acquired a new position in Invesco QQQ in the fourth quarter valued at about $723,000. Grant Private Wealth Management Inc acquired a new position in Invesco QQQ in the fourth quarter valued at about $815,000. Tandem Investment Partners LLC acquired a new position in Invesco QQQ in the fourth quarter valued at about $4,623,000. Finally, Gemsstock Ltd. lifted its stake in Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock valued at $150,046,000 after buying an additional 213,400 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $546.22 on Friday. The business’s 50-day moving average price is $507.68 and its two-hundred day moving average price is $503.87. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $547.35.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend 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.