Invesco QQQ (NASDAQ:QQQ) Stock Position Increased by Visionary Horizons LLC

Visionary Horizons LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 8,774 shares of the exchange traded fund’s stock after acquiring an additional 416 shares during the period. Invesco QQQ comprises about 3.0% of Visionary Horizons LLC’s holdings, making the stock its 8th biggest holding. Visionary Horizons LLC’s holdings in Invesco QQQ were worth $3,845,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Cascade Wealth Advisors Inc acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $848,000. Key Client Fiduciary Advisors LLC raised its position in shares of Invesco QQQ by 0.7% in the first quarter. Key Client Fiduciary Advisors LLC now owns 6,978 shares of the exchange traded fund’s stock valued at $3,098,000 after buying an additional 50 shares during the last quarter. GoalVest Advisory LLC raised its position in shares of Invesco QQQ by 222.8% in the first quarter. GoalVest Advisory LLC now owns 326 shares of the exchange traded fund’s stock valued at $145,000 after buying an additional 225 shares during the last quarter. Sovereign Financial Group Inc. raised its position in shares of Invesco QQQ by 5.7% in the first quarter. Sovereign Financial Group Inc. now owns 34,208 shares of the exchange traded fund’s stock valued at $15,189,000 after buying an additional 1,846 shares during the last quarter. Finally, Future Financial Wealth Managment LLC raised its position in shares of Invesco QQQ by 5.4% in the first quarter. Future Financial Wealth Managment LLC now owns 2,147 shares of the exchange traded fund’s stock valued at $953,000 after buying an additional 110 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.2 %

Shares of NASDAQ QQQ opened at $480.37 on Thursday. The firm has a 50-day simple moving average of $451.31 and a 200-day simple moving average of $435.05. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $486.86.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be given a dividend of $0.7615 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Monday, June 24th.

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.