Hexagon Capital Partners LLC Purchases Shares of 130 Invesco QQQ (NASDAQ:QQQ)

Hexagon Capital Partners LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 130 shares of the exchange traded fund’s stock, valued at approximately $53,000.

Several other hedge funds also recently made changes to their positions in the business. IMA Wealth Inc. increased its holdings in shares of Invesco QQQ by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 25 shares during the period. S.A. Mason LLC boosted its position in shares of Invesco QQQ by 1.5% during the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after acquiring an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC boosted its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 25 shares in the last quarter. Cedrus LLC boosted its position in shares of Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 25 shares in the last quarter. Finally, Waterfront Wealth Inc. boosted its position in shares of Invesco QQQ by 3.1% during the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after acquiring an additional 25 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 1.3 %

NASDAQ QQQ opened at $426.90 on Friday. Invesco QQQ has a 1 year low of $315.11 and a 1 year high of $449.34. The firm’s 50 day simple moving average is $436.56 and its 200 day simple moving average is $411.72.

Invesco QQQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were issued a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.54%.

Invesco QQQ Company 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.