Hudson Capital Management LLC Makes New $201,000 Investment in Invesco QQQ (NASDAQ:QQQ)

Hudson Capital Management LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 453 shares of the exchange traded fund’s stock, valued at approximately $201,000.

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

Invesco QQQ Stock Up 0.8 %

Invesco QQQ stock opened at $491.04 on Thursday. The business has a 50 day moving average of $457.35 and a 200-day moving average of $437.90. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $491.17.

Invesco QQQ Increases Dividend

The company also recently disclosed 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 represents a $3.05 annualized dividend and a dividend yield of 0.62%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

About Invesco QQQ

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.