Invesco QQQ (NASDAQ:QQQ) Stake Boosted by Integrity Wealth Solutions LLC

Integrity Wealth Solutions LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 27.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 2,421 shares of the exchange traded fund’s stock after buying an additional 521 shares during the period. Integrity Wealth Solutions LLC’s holdings in Invesco QQQ were worth $1,076,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ during the first quarter valued at $29,000. Voisard Asset Management Group Inc. purchased a new position in Invesco QQQ during the 4th quarter valued at about $35,000. Red Tortoise LLC increased its holdings in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the period. Robinson Capital Management LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $40,000. Finally, Friedenthal Financial acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $41,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.1 %

Invesco QQQ stock opened at $486.30 on Wednesday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $487.20. The firm’s 50 day moving average price is $456.11 and its two-hundred day moving average price is $437.32.

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 paid a $0.7615 dividend. The ex-dividend date of this dividend is Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.63%.

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.