B&D White Capital Company LLC Raises Holdings in Invesco QQQ $QQQ

B&D White Capital Company LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 239.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,123 shares of the exchange traded fund’s stock after buying an additional 7,851 shares during the period. B&D White Capital Company LLC’s holdings in Invesco QQQ were worth $5,224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Laird Norton Wetherby Wealth Management LLC grew its holdings in shares of Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund’s stock worth $3,080,000 after acquiring an additional 20 shares during the period. Willis Johnson & Associates Inc. grew its holdings in shares of Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock worth $416,000 after acquiring an additional 21 shares during the period. MTM Investment Management LLC grew its holdings in shares of Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock worth $613,000 after acquiring an additional 21 shares during the period. Cutler Investment Counsel LLC grew its holdings in shares of Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock worth $710,000 after acquiring an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 1.6% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund’s stock worth $707,000 after acquiring an additional 22 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $571.97 on Friday. The stock’s 50 day simple moving average is $557.92 and its 200 day simple moving average is $515.81. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $583.32.

Invesco QQQ Cuts Dividend

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

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.