Ascent Wealth Partners LLC Acquires 6,985 Shares of Invesco QQQ (NASDAQ:QQQ)

Ascent Wealth Partners LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,790 shares of the exchange traded fund’s stock after purchasing an additional 6,985 shares during the period. Invesco QQQ comprises 6.2% of Ascent Wealth Partners LLC’s holdings, making the stock its 2nd largest position. Ascent Wealth Partners LLC’s holdings in Invesco QQQ were worth $42,088,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ in the first quarter valued at $29,000. Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $35,000. Red Tortoise LLC grew its stake in shares of Invesco QQQ by 370.0% in the fourth 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. Finally, Friedenthal Financial acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $41,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.0 %

QQQ traded up $5.12 on Friday, hitting $496.16. 28,495,936 shares of the company were exchanged, compared to its average volume of 25,387,020. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $496.60. The firm has a 50-day moving average price of $461.28 and a two-hundred day moving average price of $439.25.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be issued a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.61%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th.

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.