High Note Wealth LLC Grows Stake in Invesco QQQ (NASDAQ:QQQ)

High Note Wealth LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 343.4% in the fourth quarter, Holdings Channel reports. The firm owned 9,032 shares of the exchange traded fund’s stock after purchasing an additional 6,995 shares during the period. Invesco QQQ comprises approximately 1.4% of High Note Wealth LLC’s holdings, making the stock its 22nd biggest position. High Note Wealth LLC’s holdings in Invesco QQQ were worth $3,699,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in QQQ. Ironwood Wealth Management LLC. lifted its holdings in shares of Invesco QQQ by 7.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after acquiring an additional 381 shares during the last quarter. Axiom Financial Strategies LLC lifted its stake in Invesco QQQ by 11.6% in the first quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 85 shares during the last quarter. Roundview Capital LLC lifted its stake in Invesco QQQ by 0.9% in the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after purchasing an additional 495 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in Invesco QQQ by 11.2% in the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after purchasing an additional 278 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Invesco QQQ by 309.2% in the first quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after purchasing an additional 337 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.3 %

Shares of NASDAQ:QQQ opened at $444.83 on Thursday. The company has a 50-day moving average price of $433.08 and a 200-day moving average price of $399.34. Invesco QQQ has a 12 month low of $304.77 and a 12 month high of $449.34.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, March 18th.

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.