Gradient Capital Advisors LLC Acquires 30 Shares of Invesco QQQ (NASDAQ:QQQ)

Gradient Capital Advisors LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,005 shares of the exchange traded fund’s stock after acquiring an additional 30 shares during the period. Gradient Capital Advisors LLC’s holdings in Invesco QQQ were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Avalon Capital Management increased its position in Invesco QQQ by 5.8% in the 1st quarter. Avalon Capital Management now owns 2,421 shares of the exchange traded fund’s stock valued at $1,075,000 after buying an additional 133 shares in the last quarter. Cornerstone Wealth Group LLC increased its position in Invesco QQQ by 47.2% in the 1st quarter. Cornerstone Wealth Group LLC now owns 3,463 shares of the exchange traded fund’s stock valued at $1,538,000 after buying an additional 1,110 shares in the last quarter. Richardson Capital Management LLC increased its position in Invesco QQQ by 3,792.5% in the 1st quarter. Richardson Capital Management LLC now owns 2,063 shares of the exchange traded fund’s stock valued at $916,000 after buying an additional 2,010 shares in the last quarter. FIDELIS iM LLC bought a new stake in Invesco QQQ in the 1st quarter valued at about $398,000. Finally, Physician Wealth Advisors Inc. increased its position in Invesco QQQ by 3.4% in the 1st quarter. Physician Wealth Advisors Inc. now owns 4,560 shares of the exchange traded fund’s stock valued at $1,966,000 after buying an additional 151 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.5 %

Shares of Invesco QQQ stock opened at $479.11 on Monday. Invesco QQQ has a one year low of $342.35 and a one year high of $487.20. The business has a 50-day simple moving average of $454.85 and a 200 day simple moving average of $436.77.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be given a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. 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.