Invesco QQQ (NASDAQ:QQQ) Position Increased by JSF Financial LLC

JSF Financial LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,337 shares of the exchange traded fund’s stock after acquiring an additional 819 shares during the quarter. Invesco QQQ accounts for about 2.9% of JSF Financial LLC’s investment portfolio, making the stock its 8th biggest position. JSF Financial LLC’s holdings in Invesco QQQ were worth $10,943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the fourth quarter valued at about $36,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter valued at about $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter valued at about $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ in the fourth quarter valued at about $57,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $568.14 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $569.04. The business has a 50-day moving average price of $540.06 and a 200 day moving average price of $509.18.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend 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.