Invesco QQQ (NASDAQ:QQQ) Stock Position Boosted by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 129.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,453 shares of the exchange traded fund’s stock after purchasing an additional 12,110 shares during the quarter. Invesco QQQ comprises 2.2% of Tyche Wealth Partners LLC’s investment portfolio, making the stock its 10th biggest position. Tyche Wealth Partners LLC’s holdings in Invesco QQQ were worth $10,060,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC lifted its position in Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after buying an additional 11,478,188 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock valued at $2,300,993,000 after acquiring an additional 756,990 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock worth $1,593,354,000 after acquiring an additional 27,115 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock worth $1,239,886,000 after purchasing an additional 52,235 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Invesco QQQ by 34.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock valued at $1,124,614,000 after purchasing an additional 568,120 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’s 50 day moving average is $505.63 and its two-hundred day moving average is $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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.44%.

About Invesco QQQ

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.