Blackhawk Capital Partners LLC. Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Blackhawk Capital Partners LLC. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 609 shares of the exchange traded fund’s stock after purchasing an additional 39 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Invesco QQQ were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. KFA Private Wealth Group LLC raised its holdings in Invesco QQQ by 13.4% in the 1st quarter. KFA Private Wealth Group LLC now owns 1,219 shares of the exchange traded fund’s stock worth $541,000 after purchasing an additional 144 shares during the period. Precision Wealth Strategies LLC bought a new position in shares of Invesco QQQ in the first quarter worth about $1,094,000. Klingman & Associates LLC lifted its position in shares of Invesco QQQ by 4.7% during the 1st quarter. Klingman & Associates LLC now owns 2,691 shares of the exchange traded fund’s stock valued at $1,195,000 after buying an additional 120 shares in the last quarter. Alta Wealth Advisors LLC grew its stake in shares of Invesco QQQ by 31.6% during the 1st quarter. Alta Wealth Advisors LLC now owns 8,634 shares of the exchange traded fund’s stock valued at $3,834,000 after acquiring an additional 2,075 shares during the period. Finally, Ascent Wealth Partners LLC grew its stake in shares of Invesco QQQ by 8.0% during the 1st quarter. Ascent Wealth Partners LLC now owns 94,790 shares of the exchange traded fund’s stock valued at $42,088,000 after acquiring an additional 6,985 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $5.12 on Friday, reaching $496.16. 28,495,936 shares of the stock were exchanged, compared to its average volume of 25,387,020. Invesco QQQ has a one year low of $342.35 and a one year high of $496.60. The company’s 50-day simple moving average is $461.28 and its two-hundred day simple moving average is $439.25.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be paid a dividend of $0.7615 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.61%.

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.