North Capital Inc. Takes $2.05 Million Position in Invesco QQQ (NASDAQ:QQQ)

North Capital Inc. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,381 shares of the exchange traded fund’s stock, valued at approximately $2,054,000. Invesco QQQ comprises about 1.9% of North Capital Inc.’s portfolio, making the stock its 8th largest position.

Other large investors have also modified their holdings of the company. Wilkins Miller Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $1,018,000. Grant Private Wealth Management Inc acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $815,000. Tandem Investment Partners LLC bought a new stake in Invesco QQQ during the fourth quarter worth approximately $4,623,000. Gemsstock Ltd. grew its position in Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after buying an additional 213,400 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC increased its holdings in shares of Invesco QQQ by 1.8% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund’s stock valued at $75,071,000 after buying an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7%

Invesco QQQ stock opened at $550.80 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $553.18. The company has a 50 day moving average price of $516.09 and a 200 day moving average price of $504.49.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

Invesco QQQ 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.