Invesco QQQ (NASDAQ:QQQ) Shares Purchased by CGN Advisors LLC

CGN Advisors LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 47.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,213 shares of the exchange traded fund’s stock after buying an additional 390 shares during the period. CGN Advisors LLC’s holdings in Invesco QQQ were worth $539,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of 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 buying an additional 28,263,426 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Invesco QQQ by 6.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter worth $1,580,776,000. Commonwealth Equity Services LLC grew its stake in shares of Invesco QQQ by 7.0% during 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 purchasing an additional 162,691 shares during the period. Finally, CHURCHILL MANAGEMENT Corp increased its holdings in shares of Invesco QQQ by 30.7% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock valued at $819,814,000 after purchasing an additional 433,317 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $6.22 during trading on Monday, hitting $473.96. 37,634,086 shares of the stock were exchanged, compared to its average volume of 41,490,461. The company has a fifty day moving average price of $450.34 and a two-hundred day moving average price of $434.44. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $486.86.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be paid a $0.7615 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th.

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.