LJI Wealth Management LLC Acquires 762 Shares of Invesco QQQ (NASDAQ:QQQ)

LJI Wealth Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 27,868 shares of the exchange traded fund’s stock after acquiring an additional 762 shares during the quarter. Invesco QQQ accounts for approximately 2.6% of LJI Wealth Management LLC’s portfolio, making the stock its 10th largest position. LJI Wealth Management LLC’s holdings in Invesco QQQ were worth $13,068,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Ameriprise Financial Inc. raised its holdings in shares of Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock worth $2,300,993,000 after acquiring an additional 756,990 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Invesco QQQ by 34.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock worth $1,124,614,000 after acquiring an additional 568,120 shares during the period. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 55,795.2% during 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 period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Invesco QQQ by 1.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund’s stock worth $629,680,000 after acquiring an additional 14,017 shares during the period. Finally, Senator Investment Group LP acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $679,936,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $554.20 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.63. The company’s fifty day simple moving average is $527.06 and its 200 day simple moving average is $505.58.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. 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 0.43%.

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.