Invesco QQQ (NASDAQ:QQQ) Stock Position Increased by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 7.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,020 shares of the exchange traded fund’s stock after purchasing an additional 7,041 shares during the quarter. Invesco QQQ comprises approximately 6.4% of Ascent Wealth Partners LLC’s holdings, making the stock its 2nd largest holding. Ascent Wealth Partners LLC’s holdings in Invesco QQQ were worth $47,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at about $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at about $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $557.29 on Thursday. The firm’s 50-day moving average price is $531.45 and its 200-day moving average price is $506.52. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $560.80.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.

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.