Estate Counselors LLC Invests $720,000 in Invesco QQQ $QQQ

Estate Counselors LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,535 shares of the exchange traded fund’s stock, valued at approximately $720,000.

Other large investors have also recently made changes to their positions in the company. Partners Capital Investment Group LLP lifted its holdings in shares of Invesco QQQ by 121.0% during the first quarter. Partners Capital Investment Group LLP now owns 20,142 shares of the exchange traded fund’s stock worth $9,445,000 after purchasing an additional 11,026 shares during the period. Joseph P. Lucia & Associates LLC lifted its holdings in shares of Invesco QQQ by 1.3% during the first quarter. Joseph P. Lucia & Associates LLC now owns 10,136 shares of the exchange traded fund’s stock worth $4,753,000 after purchasing an additional 134 shares during the period. TFB Advisors LLC lifted its holdings in shares of Invesco QQQ by 12.5% during the first quarter. TFB Advisors LLC now owns 7,743 shares of the exchange traded fund’s stock worth $3,631,000 after purchasing an additional 863 shares during the period. Banco BTG Pactual S.A. acquired a new stake in shares of Invesco QQQ during the first quarter worth about $2,822,000. Finally, GM Advisory Group LLC lifted its holdings in shares of Invesco QQQ by 15.0% during the first quarter. GM Advisory Group LLC now owns 2,562 shares of the exchange traded fund’s stock worth $1,201,000 after purchasing an additional 334 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.6%

Invesco QQQ stock opened at $565.90 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32. The stock has a 50-day moving average price of $556.43 and a 200 day moving average price of $515.17.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date was 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.