Invesco QQQ (NASDAQ:QQQ) Shares Purchased by SOL Capital Management CO

SOL Capital Management CO raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,105 shares of the exchange traded fund’s stock after purchasing an additional 1,880 shares during the period. Invesco QQQ accounts for 2.0% of SOL Capital Management CO’s portfolio, making the stock its 8th largest position. SOL Capital Management CO’s holdings in Invesco QQQ were worth $18,337,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $36,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the first quarter worth $50,000. Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $57,000. Finally, Perritt Capital Management Inc acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $61,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $541.16 on Thursday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $543.31. The firm has a fifty day moving average of $505.63 and a 200-day moving average of $503.71.

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

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.