Invesco QQQ $QQQ Shares Bought by GDS Wealth Management

GDS Wealth Management raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 12.2% during the 1st quarter, Holdings Channel reports. The firm owned 1,286 shares of the exchange traded fund’s stock after purchasing an additional 140 shares during the quarter. GDS Wealth Management’s holdings in Invesco QQQ were worth $603,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Laird Norton Wetherby Wealth Management LLC lifted its stake in Invesco QQQ by 0.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund’s stock valued at $3,080,000 after buying an additional 20 shares in the last quarter. Willis Johnson & Associates Inc. increased its holdings in Invesco QQQ by 2.6% during the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock worth $416,000 after buying an additional 21 shares during the last quarter. MTM Investment Management LLC lifted its holdings in shares of Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock worth $613,000 after acquiring an additional 21 shares during the last quarter. Cutler Investment Counsel LLC lifted its holdings in shares of Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock worth $710,000 after acquiring an additional 21 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC increased its stake in shares of Invesco QQQ by 1.6% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund’s stock valued at $707,000 after buying an additional 22 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.4%

Invesco QQQ stock opened at $569.28 on Wednesday. The business has a 50 day moving average of $555.76 and a 200-day moving average of $514.82. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.