Invesco QQQ (NASDAQ:QQQ) Position Boosted by Monument Capital Management

Monument Capital Management increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 104.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,366 shares of the exchange traded fund’s stock after acquiring an additional 13,455 shares during the period. Invesco QQQ comprises approximately 3.4% of Monument Capital Management’s portfolio, making the stock its 4th biggest holding. Monument Capital Management’s holdings in Invesco QQQ were worth $11,707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Summit X LLC lifted its stake in shares of Invesco QQQ by 0.4% during the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after buying an additional 24 shares in the last quarter. IMA Wealth Inc. raised its holdings in Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after acquiring an additional 25 shares during the period. S.A. Mason LLC lifted its position in shares of Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after acquiring an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC lifted its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 25 shares in the last quarter. Finally, Cedrus LLC boosted its holdings in shares of Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 25 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $2.20 during midday trading on Wednesday, reaching $489.18. 8,356,042 shares of the company traded hands, compared to its average volume of 40,567,938. The firm’s fifty day moving average price is $457.35 and its two-hundred day moving average price is $437.90. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $489.20.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be given a dividend of $0.7615 per share. The ex-dividend date is Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.62%.

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.