Invesco QQQ (NASDAQ:QQQ) Holdings Lifted by Members Advisory Group LLC

Members Advisory Group LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 0.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,650 shares of the exchange traded fund’s stock after purchasing an additional 40 shares during the quarter. Invesco QQQ accounts for about 1.7% of Members Advisory Group LLC’s investment portfolio, making the stock its 19th largest holding. Members Advisory Group LLC’s holdings in Invesco QQQ were worth $4,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wilkins Miller Wealth Management LLC bought a new position in Invesco QQQ in the 4th quarter worth approximately $1,018,000. Grant Private Wealth Management Inc bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $815,000. Gemsstock Ltd. increased its position in shares of Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock valued at $150,046,000 after purchasing an additional 213,400 shares during the period. Tandem Investment Partners LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $4,623,000. Finally, Wescott Financial Advisory Group LLC increased its position in shares of Invesco QQQ by 1.8% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund’s stock valued at $75,071,000 after purchasing an additional 2,600 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1%

Shares of QQQ stock opened at $561.26 on Friday. The stock’s fifty day simple moving average is $534.38 and its 200 day simple moving average is $507.18. Invesco QQQ has a one year low of $402.39 and a one year high of $564.73.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%.

About Invesco QQQ

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.