Westmount Partners LLC Buys 1,492 Shares of Invesco QQQ $QQQ

Westmount Partners LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 18.8% in the first quarter, HoldingsChannel.com reports. The fund owned 9,411 shares of the exchange traded fund’s stock after acquiring an additional 1,492 shares during the period. Invesco QQQ makes up 1.3% of Westmount Partners LLC’s investment portfolio, making the stock its 15th largest position. Westmount Partners LLC’s holdings in Invesco QQQ were worth $5,432,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Nations Financial Group Inc. IA ADV grew its holdings in Invesco QQQ by 1.0% during the first quarter. Nations Financial Group Inc. IA ADV now owns 52,814 shares of the exchange traded fund’s stock valued at $30,484,000 after purchasing an additional 512 shares during the period. Brady Martz Wealth Solutions LLC increased its stake in Invesco QQQ by 67.0% in the first quarter. Brady Martz Wealth Solutions LLC now owns 835 shares of the exchange traded fund’s stock valued at $482,000 after purchasing an additional 335 shares in the last quarter. Asset Allocation & Management Company LLC raised its holdings in Invesco QQQ by 18.9% in the first quarter. Asset Allocation & Management Company LLC now owns 5,130 shares of the exchange traded fund’s stock worth $2,961,000 after purchasing an additional 815 shares during the period. Old North State Trust LLC raised its holdings in Invesco QQQ by 5.1% in the fourth quarter. Old North State Trust LLC now owns 1,546 shares of the exchange traded fund’s stock worth $950,000 after purchasing an additional 75 shares during the period. Finally, J. Derek Lewis & Associates Inc. bought a new position in shares of Invesco QQQ during the fourth quarter worth $1,398,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $740.62 on Monday. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65. The company’s fifty day moving average is $695.40 and its 200-day moving average is $639.64.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be paid a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Invesco QQQ declared a quarterly dividend of $0.8135 per share, an 11.0% increase from the prior quarter, which can improve investor sentiment toward the fund. Article Title
• Positive Sentiment: Multiple articles highlighted QQQ’s strong long-term performance, including commentary that a modest investment in the ETF a decade ago would now be worth far more, reinforcing its status as a premier growth benchmark. Article Title
• Neutral Sentiment: Broader market and ETF coverage showed U.S. equity funds trading higher at times, suggesting the macro backdrop is supportive but not specific to QQQ alone. Article Title
• Neutral Sentiment: Several Fed-related commentaries pointed to a more hawkish policy tone and less forward guidance, which could pressure rate-sensitive growth stocks even as investors assess the implications for the Nasdaq-100. Article Title

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.