Beacon Bridge Wealth Partners LLC Purchases 135 Shares of Invesco QQQ (NASDAQ:QQQ)

Beacon Bridge Wealth Partners LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,282 shares of the exchange traded fund’s stock after acquiring an additional 135 shares during the period. Beacon Bridge Wealth Partners LLC’s holdings in Invesco QQQ were worth $1,539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. Eagle Capital Management LLC raised its stake in Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock worth $31,025,000 after buying an additional 185 shares in the last quarter. Brighton Jones LLC raised its stake in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Invesco QQQ by 34.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 14,592 shares of the exchange traded fund’s stock worth $7,460,000 after buying an additional 3,728 shares in the last quarter. Finally, RWA Wealth Partners LLC raised its stake in Invesco QQQ by 319.3% in the fourth quarter. RWA Wealth Partners LLC now owns 34,510 shares of the exchange traded fund’s stock worth $17,643,000 after buying an additional 26,280 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $566.37 on Monday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $567.70. The firm has a 50 day moving average of $539.14 and a 200 day moving average of $508.75.

Invesco QQQ Cuts Dividend

The company also recently declared 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 annualized dividend and a yield of 0.42%. The ex-dividend date is Monday, June 23rd.

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.