Invesco QQQ (NASDAQ:QQQ) Shares Purchased by RVW Wealth LLC

RVW Wealth LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% during the first quarter, Holdings Channel reports. The firm owned 20,787 shares of the exchange traded fund’s stock after acquiring an additional 64 shares during the quarter. Invesco QQQ comprises 0.9% of RVW Wealth LLC’s portfolio, making the stock its 29th largest holding. RVW Wealth LLC’s holdings in Invesco QQQ were worth $9,747,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter worth about $36,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the 1st quarter worth about $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter worth about $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ in the 4th quarter worth about $57,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.1%

QQQ stock opened at $568.02 on Thursday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $572.11. The firm’s 50-day simple moving average is $542.10 and its 200 day simple moving average is $509.98.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend 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.