Invesco QQQ (NASDAQ:QQQ) is Ndwm LLC’s 10th Largest Position

Ndwm LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,333 shares of the exchange traded fund’s stock after buying an additional 49 shares during the quarter. Invesco QQQ comprises about 2.6% of Ndwm LLC’s holdings, making the stock its 10th largest position. Ndwm LLC’s holdings in Invesco QQQ were worth $2,812,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after purchasing an additional 28,263,426 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Invesco QQQ during the 1st quarter valued at $1,580,776,000. Commonwealth Equity Services LLC grew its holdings in Invesco QQQ by 7.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after acquiring an additional 162,691 shares during the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in shares of Invesco QQQ by 30.7% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock valued at $819,814,000 after acquiring an additional 433,317 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Invesco QQQ by 15.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,458,165 shares of the exchange traded fund’s stock worth $597,148,000 after purchasing an additional 194,381 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.8 %

Shares of QQQ stock opened at $491.04 on Friday. The business’s 50 day moving average price is $459.98 and its 200-day moving average price is $438.63. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $491.17.

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 paid a dividend of $0.7615 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.62%.

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.