Beverly Hills Private Wealth LLC Invests $299,000 in Invesco QQQ (NASDAQ:QQQ)

Beverly Hills Private Wealth LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 729 shares of the exchange traded fund’s stock, valued at approximately $299,000.

Several other large investors have also recently made changes to their positions in the company. Friedenthal Financial bought a new stake in Invesco QQQ during the fourth quarter worth approximately $41,000. Core Wealth Advisors Inc. increased its stake in Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Invesco QQQ during the second quarter worth approximately $44,000. Blume Capital Management Inc. increased its stake in Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Buck Wealth Strategies LLC increased its stake in Invesco QQQ by 71.4% during the third quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 65 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $431.06 on Tuesday. The business’s 50 day moving average is $438.29 and its two-hundred day moving average is $406.76. Invesco QQQ has a 1-year low of $309.89 and a 1-year high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.53%.

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.