One Wealth Management Investment & Advisory Services LLC Invests $1.20 Million in Invesco QQQ (NASDAQ:QQQ)

One Wealth Management Investment & Advisory Services LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,937 shares of the exchange traded fund’s stock, valued at approximately $1,203,000.

Several other hedge funds have also modified their holdings of the company. VisionPoint Advisory Group LLC acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $36,000. Core Wealth Advisors Inc. raised its position in shares of Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $44,000. Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Buck Wealth Strategies LLC raised its position in shares of Invesco QQQ by 71.4% during the 3rd quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 65 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.2 %

QQQ stock traded up $5.13 during mid-day trading on Friday, reaching $440.47. The company’s stock had a trading volume of 54,512,956 shares, compared to its average volume of 42,918,384. Invesco QQQ has a fifty-two week low of $309.89 and a fifty-two week high of $449.34. The company’s 50 day moving average is $436.57 and its two-hundred day moving average is $403.01.

Invesco QQQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.52%.

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.