Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 113.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,999 shares of the exchange traded fund’s stock after buying an additional 34,498 shares during the period. Invesco QQQ makes up about 2.2% of Golden State Wealth Management LLC’s holdings, making the stock its 5th biggest position. Golden State Wealth Management LLC’s holdings in Invesco QQQ were worth $30,499,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of QQQ. Proficio Capital Partners LLC lifted its position in Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. NWI Management LP increased its stake in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the last quarter. Senator Investment Group LP purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $679,936,000. Finally, Asset Planning Services Inc. LA ADV boosted its position in Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund’s stock valued at $437,375,000 after purchasing an additional 931,801 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $541.16 on Thursday. The business’s 50-day moving average price is $505.63 and its two-hundred day moving average price is $503.71. Invesco QQQ has a one year low of $402.39 and a one year high of $543.31.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.44%.

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.