Hohimer Wealth Management LLC Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Hohimer Wealth Management LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 32.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 861 shares of the exchange traded fund’s stock after acquiring an additional 210 shares during the period. Hohimer Wealth Management LLC’s holdings in Invesco QQQ were worth $404,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Eagle Capital Management LLC lifted its holdings in shares of Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock worth $31,025,000 after purchasing an additional 185 shares during the period. Brighton Jones LLC lifted its holdings in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Invesco QQQ by 8.6% during the fourth quarter. Natixis Advisors LLC now owns 29,939 shares of the exchange traded fund’s stock worth $15,306,000 after purchasing an additional 2,368 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Invesco QQQ by 6.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 18,514 shares of the exchange traded fund’s stock worth $9,465,000 after purchasing an additional 1,106 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.4%

Shares of NASDAQ QQQ opened at $556.21 on Tuesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.73. The stock has a fifty day moving average price of $528.46 and a 200 day moving average price of $505.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.

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.