Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Retirement Guys Formula LLC

Retirement Guys Formula LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 284.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,637 shares of the exchange traded fund’s stock after purchasing an additional 4,911 shares during the period. Invesco QQQ comprises 1.4% of Retirement Guys Formula LLC’s investment portfolio, making the stock its 13th biggest position. Retirement Guys Formula LLC’s holdings in Invesco QQQ were worth $2,947,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Deane Retirement Strategies Inc. purchased a new stake in shares of Invesco QQQ in the first quarter valued at about $29,000. Voisard Asset Management Group Inc. acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Red Tortoise LLC lifted its stake in 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 buying an additional 74 shares in the last quarter. Friedenthal Financial acquired a new stake in Invesco QQQ during the 4th quarter valued at $41,000. Finally, Robinson Capital Management LLC purchased a new position in Invesco QQQ during the fourth quarter worth $40,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $491.04 on Friday. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $491.17. The business has a fifty day moving average of $459.98 and a 200-day moving average of $438.63.

Invesco QQQ Increases Dividend

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