Stonegate Investment Group LLC Raises Stake in Invesco QQQ (NASDAQ:QQQ)

Stonegate Investment Group LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,098 shares of the exchange traded fund’s stock after purchasing an additional 1,984 shares during the quarter. Stonegate Investment Group LLC’s holdings in Invesco QQQ were worth $13,808,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in QQQ. 180 Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 1.2% in the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock valued at $870,000 after acquiring an additional 29 shares in the last quarter. Bank Hapoalim BM raised its holdings in shares of Invesco QQQ by 6.3% in the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after acquiring an additional 4,549 shares in the last quarter. Goodwin Daniel L raised its holdings in shares of Invesco QQQ by 76.1% in the third quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after acquiring an additional 2,495 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after acquiring an additional 243,305 shares in the last quarter. Finally, VitalStone Financial LLC raised its holdings in shares of Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after acquiring an additional 16,079 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock traded down $8.16 on Tuesday, hitting $424.59. The stock had a trading volume of 42,556,273 shares, compared to its average volume of 45,909,301. The business has a 50 day moving average price of $436.86 and a 200 day moving average price of $411.54. Invesco QQQ has a one year low of $315.11 and a one year high of $449.34.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.54%.

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.