Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 2.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,546 shares of the exchange traded fund’s stock after acquiring an additional 181 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Invesco QQQ were worth $2,907,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ during the 1st quarter worth $29,000. Legacy Bridge LLC lifted its stake in Invesco QQQ by 800.0% in the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Voisard Asset Management Group Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $35,000. Red Tortoise LLC raised its stake in shares of Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares in the last quarter. Finally, Robinson Capital Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $40,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ traded up $4.70 during midday trading on Friday, reaching $462.97. The company’s stock had a trading volume of 39,950,598 shares, compared to its average volume of 40,416,840. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The company has a fifty day simple moving average of $474.69 and a 200 day simple moving average of $447.40.

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 issued a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

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.