Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Investment Research & Advisory Group Inc.

Investment Research & Advisory Group Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,178 shares of the exchange traded fund’s stock after purchasing an additional 73 shares during the quarter. Investment Research & Advisory Group Inc.’s holdings in Invesco QQQ were worth $523,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Global Assets Advisory LLC acquired a new position in Invesco QQQ in the first quarter valued at approximately $1,580,776,000. CHURCHILL MANAGEMENT Corp lifted its holdings in Invesco QQQ by 30.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock valued at $819,814,000 after acquiring an additional 433,317 shares during the period. Comerica Bank acquired a new position in Invesco QQQ in the third quarter valued at approximately $140,657,000. Finally, Granite Bay Wealth Management LLC lifted its holdings in Invesco QQQ by 47.1% in the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after acquiring an additional 378,922 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.5 %

NASDAQ:QQQ traded down $2.50 during trading hours on Friday, reaching $479.11. The company had a trading volume of 34,881,581 shares, compared to its average volume of 28,583,126. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $487.20. The business’s 50 day moving average price is $454.85 and its 200-day moving average price is $436.54.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be issued a $0.7615 dividend. The ex-dividend date of this dividend is Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%.

Invesco QQQ 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.