Invesco QQQ (NASDAQ:QQQ) is NRI Wealth Management LC’s 2nd Largest Position

NRI Wealth Management LC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 1.3% during the 1st quarter, HoldingsChannel reports. The fund owned 56,927 shares of the exchange traded fund’s stock after purchasing an additional 732 shares during the period. Invesco QQQ accounts for approximately 19.7% of NRI Wealth Management LC’s portfolio, making the stock its 2nd biggest holding. NRI Wealth Management LC’s holdings in Invesco QQQ were worth $26,694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wilkins Miller Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $1,018,000. Synergy Investment Management LLC purchased a new position in Invesco QQQ in the fourth quarter valued at about $723,000. Grant Private Wealth Management Inc acquired a new position in Invesco QQQ in the 4th quarter worth about $815,000. Tandem Investment Partners LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $4,623,000. Finally, Gemsstock Ltd. lifted its holdings in shares of Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock valued at $150,046,000 after buying an additional 213,400 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $541.16 on Thursday. The business has a 50 day simple moving average of $505.63 and a 200 day simple moving average of $503.71. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $543.31.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, June 23rd.

Invesco QQQ Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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