Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,890 shares of the exchange traded fund’s stock after purchasing an additional 1,087 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Invesco QQQ were worth $9,327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wilkins Miller Wealth Management LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at about $1,018,000. Synergy Investment Management LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at about $723,000. Grant Private Wealth Management Inc acquired a new stake in Invesco QQQ in the 4th quarter valued at about $815,000. Tandem Investment Partners LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at about $4,623,000. Finally, Gemsstock Ltd. boosted its stake in shares of Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after purchasing an additional 213,400 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.5%

Invesco QQQ stock opened at $539.78 on Wednesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The firm’s 50-day moving average is $503.69 and its two-hundred day moving average is $503.45.

Invesco QQQ Cuts Dividend

The business 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 dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.44%.

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.