Invesco QQQ $QQQ Shares Purchased by Monterey Private Wealth Inc.

Monterey Private Wealth Inc. raised its position in Invesco QQQ (NASDAQ:QQQ) by 2.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,025 shares of the exchange traded fund’s stock after acquiring an additional 392 shares during the quarter. Invesco QQQ makes up about 2.1% of Monterey Private Wealth Inc.’s investment portfolio, making the stock its 10th largest holding. Monterey Private Wealth Inc.’s holdings in Invesco QQQ were worth $7,045,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $1,018,000. Sentinus LLC lifted its stake in shares of Invesco QQQ by 17.6% during the 4th quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund’s stock worth $3,307,000 after buying an additional 970 shares during the last quarter. Sendero Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter worth about $273,000. Cary Street Partners Financial LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $10,052,000. Finally, Baird Financial Group Inc. lifted its stake in shares of Invesco QQQ by 4.0% during the 4th quarter. Baird Financial Group Inc. now owns 327,433 shares of the exchange traded fund’s stock worth $167,394,000 after buying an additional 12,627 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $573.49 on Thursday. The firm has a 50-day moving average of $560.41 and a 200-day moving average of $516.76. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $583.32.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.