BKM Wealth Management LLC Has $4.15 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

BKM Wealth Management LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 42.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,341 shares of the exchange traded fund’s stock after buying an additional 2,774 shares during the period. Invesco QQQ accounts for approximately 1.8% of BKM Wealth Management LLC’s holdings, making the stock its 9th biggest position. BKM Wealth Management LLC’s holdings in Invesco QQQ were worth $4,147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deane Retirement Strategies Inc. bought a new position in Invesco QQQ in the 1st quarter worth about $29,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $35,000. Red Tortoise LLC lifted its stake in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares during the period. Friedenthal Financial acquired a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $41,000. Finally, Robinson Capital Management LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $40,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.6 %

Shares of NASDAQ:QQQ opened at $481.92 on Tuesday. The company has a 50 day moving average of $454.85 and a 200-day moving average of $436.77. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $487.20.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be paid a $0.7615 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Monday, June 24th.

Invesco QQQ Company 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.