SimpliFi Inc. Has $681,000 Stake in Invesco QQQ (NASDAQ:QQQ)

SimpliFi Inc. lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 27.5% in the first quarter, HoldingsChannel.com reports. The firm owned 1,452 shares of the exchange traded fund’s stock after purchasing an additional 313 shares during the quarter. Invesco QQQ comprises 0.3% of SimpliFi Inc.’s investment portfolio, making the stock its 27th largest position. SimpliFi Inc.’s holdings in Invesco QQQ were worth $681,000 at the end of the most recent quarter.

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

Invesco QQQ Stock Up 0.9%

Shares of QQQ opened at $555.88 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $557.20. The company has a 50 day moving average of $517.86 and a 200-day moving average of $504.61.

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 dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend 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.