Invesco QQQ (NASDAQ:QQQ) Shares Bought by Mystic Asset Management Inc.

Mystic Asset Management Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,241 shares of the exchange traded fund’s stock after acquiring an additional 319 shares during the period. Invesco QQQ comprises 2.1% of Mystic Asset Management Inc.’s portfolio, making the stock its 6th largest holding. Mystic Asset Management Inc.’s holdings in Invesco QQQ were worth $8,085,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ in the fourth quarter worth $36,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ in the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $57,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.8%

QQQ stock opened at $561.80 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $562.61. The company has a 50 day moving average price of $532.92 and a two-hundred day moving average price of $506.84.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.

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.