Hoxton Planning & Management LLC Buys Shares of 2,402 Invesco QQQ (NASDAQ:QQQ)

Hoxton Planning & Management LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, Holdings Channel reports. The firm bought 2,402 shares of the exchange traded fund’s stock, valued at approximately $1,126,000.

Several other large investors have also modified their holdings of QQQ. Ameriprise Financial Inc. boosted its holdings in shares of Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock valued at $2,300,993,000 after purchasing an additional 756,990 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Invesco QQQ by 34.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock valued at $1,124,614,000 after purchasing an additional 568,120 shares during the period. GAMMA Investing LLC lifted its holdings in Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock worth $8,777,850,000 after buying an additional 1,868,580 shares during the period. TD Asset Management Inc lifted its holdings in Invesco QQQ by 18.1% during the first quarter. TD Asset Management Inc now owns 1,378,074 shares of the exchange traded fund’s stock worth $646,206,000 after buying an additional 210,894 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Invesco QQQ by 1.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund’s stock worth $629,680,000 after buying an additional 14,017 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $568.02 on Thursday. The business has a fifty day moving average of $542.10 and a two-hundred day moving average of $509.98. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $572.11.

Invesco QQQ Cuts Dividend

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

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.