Invesco QQQ (NASDAQ:QQQ) Holdings Lifted by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,619 shares of the exchange traded fund’s stock after acquiring an additional 343 shares during the quarter. Invesco QQQ accounts for about 1.5% of Tempus Wealth Planning LLC’s portfolio, making the stock its 12th biggest holding. Tempus Wealth Planning LLC’s holdings in Invesco QQQ were worth $3,383,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in QQQ. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ in the 1st quarter worth about $29,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $35,000. Red Tortoise LLC lifted its position 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 valued at $39,000 after acquiring an additional 74 shares in the last quarter. Robinson Capital Management LLC acquired a new position in Invesco QQQ in the 4th quarter worth approximately $40,000. Finally, Friedenthal Financial purchased a new position in Invesco QQQ during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $491.04 on Friday. The company’s fifty day moving average is $459.98 and its two-hundred day moving average is $438.63. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $491.17.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be paid a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.62%. The ex-dividend date is Monday, June 24th.

Invesco QQQ 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.