Invesco QQQ (NASDAQ:QQQ) Shares Bought by Abacus Wealth Partners LLC

Abacus Wealth Partners LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 14.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 643 shares of the exchange traded fund’s stock after acquiring an additional 81 shares during the quarter. Abacus Wealth Partners LLC’s holdings in Invesco QQQ were worth $302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hoxton Planning & Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at about $1,126,000. RVW Wealth LLC raised its holdings in shares of Invesco QQQ by 0.3% during the 1st quarter. RVW Wealth LLC now owns 20,787 shares of the exchange traded fund’s stock valued at $9,747,000 after buying an additional 64 shares during the period. Natixis Advisors LLC raised its holdings in shares of Invesco QQQ by 3.9% during the 1st quarter. Natixis Advisors LLC now owns 31,115 shares of the exchange traded fund’s stock valued at $14,590,000 after buying an additional 1,176 shares during the period. NorthRock Partners LLC raised its holdings in shares of Invesco QQQ by 1.4% during the 1st quarter. NorthRock Partners LLC now owns 21,434 shares of the exchange traded fund’s stock valued at $10,051,000 after buying an additional 306 shares during the period. Finally, SSA Swiss Advisors AG purchased a new position in Invesco QQQ in the first quarter valued at about $796,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ stock opened at $568.02 on Thursday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $572.11. The stock’s 50 day moving average is $542.10 and its two-hundred day moving average is $509.98.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.42%.

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.