Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,850 shares of the exchange traded fund’s stock after purchasing an additional 51 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Invesco QQQ were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in QQQ. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ during the first quarter valued at about $29,000. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ during the fourth quarter valued at about $35,000. Red Tortoise LLC boosted its position in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares during the period. Robinson Capital Management LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $40,000. Finally, Friedenthal Financial purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $41,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.6 %

Shares of NASDAQ QQQ opened at $481.92 on Tuesday. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $487.20. The business has a 50-day moving average of $454.85 and a 200-day moving average of $436.77.

Invesco QQQ Increases Dividend

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

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.