Rosenberg Matthew Hamilton Acquires 45 Shares of Invesco QQQ (NASDAQ:QQQ)

Rosenberg Matthew Hamilton lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 763 shares of the exchange traded fund’s stock after purchasing an additional 45 shares during the period. Rosenberg Matthew Hamilton’s holdings in Invesco QQQ were worth $358,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the 1st quarter worth approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the 1st quarter worth approximately $51,000. Finally, Banque Transatlantique SA acquired a new position in Invesco QQQ during the 4th quarter worth $57,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7%

Shares of QQQ opened at $550.80 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $553.18. The business’s fifty day moving average price is $516.09 and its two-hundred day moving average price is $504.49.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given 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 yield of 0.43%.

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.