Brookwood Investment Group LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Brookwood Investment Group LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 5,048 shares of the exchange traded fund’s stock, valued at approximately $2,367,000.

Other large investors have also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $36,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ during the 1st quarter valued at $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the 1st quarter worth $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ in the 4th quarter worth $57,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $1.76 on Thursday, reaching $565.57. 12,950,526 shares of the company’s stock traded hands, compared to its average volume of 44,634,805. The stock has a 50-day simple moving average of $537.33 and a 200-day simple moving average of $508.21. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $566.06.

Invesco QQQ Cuts Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.

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.