Iron Gate Global Advisors LLC Purchases 1,810 Shares of Invesco QQQ $QQQ

Iron Gate Global Advisors LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 30.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 7,734 shares of the exchange traded fund’s stock after buying an additional 1,810 shares during the period. Invesco QQQ comprises about 0.5% of Iron Gate Global Advisors LLC’s portfolio, making the stock its 24th biggest holding. Iron Gate Global Advisors LLC’s holdings in Invesco QQQ were worth $3,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in QQQ. Brighton Jones LLC boosted its stake in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC boosted its stake in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the period. Triumph Capital Management boosted its stake in Invesco QQQ by 1.8% in the 4th quarter. Triumph Capital Management now owns 8,753 shares of the exchange traded fund’s stock valued at $4,475,000 after purchasing an additional 154 shares during the period. Gotham Asset Management LLC lifted its position in shares of Invesco QQQ by 9.5% during the 4th quarter. Gotham Asset Management LLC now owns 7,827 shares of the exchange traded fund’s stock valued at $4,001,000 after acquiring an additional 677 shares during the period. Finally, Janus Henderson Group PLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $20,079,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.0%

NASDAQ:QQQ opened at $580.70 on Thursday. The stock has a fifty day moving average price of $567.06 and a 200-day moving average price of $519.55. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.77.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was 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.