Invesco QQQ (NASDAQ:QQQ) Shares Bought by NovaPoint Capital LLC

NovaPoint Capital LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,120 shares of the exchange traded fund’s stock after purchasing an additional 26 shares during the quarter. NovaPoint Capital LLC’s holdings in Invesco QQQ were worth $2,870,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Naviter Wealth LLC raised its holdings in shares of Invesco QQQ by 8.8% in the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock valued at $675,000 after buying an additional 107 shares during the last quarter. Eagle Capital Management LLC grew its holdings in shares of Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock worth $31,025,000 after buying an additional 185 shares during the last quarter. Brighton Jones LLC raised its stake in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Invesco QQQ by 3.5% during 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 acquiring an additional 176 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Invesco QQQ by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 92,759 shares of the exchange traded fund’s stock worth $47,421,000 after acquiring an additional 7,295 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.8%

Shares of QQQ stock opened at $546.99 on Wednesday. The business’s 50 day moving average is $514.18 and its two-hundred day moving average is $504.17. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $552.80.

Invesco QQQ Cuts Dividend

The company 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 $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.

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.