HighMark Wealth Management LLC Purchases 45 Shares of Invesco QQQ (NASDAQ:QQQ)

HighMark Wealth Management LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.1% in the first quarter, HoldingsChannel reports. The firm owned 452 shares of the exchange traded fund’s stock after purchasing an additional 45 shares during the period. HighMark Wealth Management LLC’s holdings in Invesco QQQ were worth $212,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at about $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ in the first quarter worth about $50,000. Banque Transatlantique SA acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $57,000. Finally, Perritt Capital Management Inc bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $61,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $546.22 on Friday. The firm has a 50 day simple moving average of $507.68 and a 200 day simple moving average of $503.87. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $547.35.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.

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.