Global Trust Wealth Management LLC Purchases New Holdings in Invesco QQQ $QQQ

Global Trust Wealth Management LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) during the 4th quarter, Holdings Channel.com reports. The fund purchased 13,922 shares of the exchange traded fund’s stock, valued at approximately $8,552,000. Invesco QQQ accounts for about 6.3% of Global Trust Wealth Management LLC’s portfolio, making the stock its 3rd biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC bought a new position in Invesco QQQ during the 3rd quarter valued at about $25,000. Shcp LLC purchased a new position in Invesco QQQ in the 3rd quarter worth about $27,000. Measured Wealth Private Client Group LLC purchased a new position in Invesco QQQ in the 3rd quarter worth about $40,000. PayPay Securities Corp increased its stake in Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 30 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Invesco QQQ in the 3rd quarter worth about $42,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Up 1.7%

Shares of NASDAQ:QQQ opened at $655.11 on Thursday. The firm’s 50 day simple moving average is $603.84 and its 200-day simple moving average is $611.68. Invesco QQQ has a one year low of $452.88 and a one year high of $655.33.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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