Yukon Wealth Management Inc. Makes New $5.79 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Yukon Wealth Management Inc. purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,355 shares of the exchange traded fund’s stock, valued at approximately $5,794,000. Invesco QQQ comprises about 2.4% of Yukon Wealth Management Inc.’s holdings, making the stock its 10th largest holding.

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

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $546.99 on Wednesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $552.80. The business has a 50 day moving average of $514.18 and a 200 day moving average of $504.17.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued 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 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.