FIDELIS iM LLC Invests $398,000 in Invesco QQQ (NASDAQ:QQQ)

FIDELIS iM LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the first quarter, Holdings Channel reports. The firm purchased 898 shares of the exchange traded fund’s stock, valued at approximately $398,000. Invesco QQQ accounts for approximately 0.2% of FIDELIS iM LLC’s investment portfolio, making the stock its 17th largest holding.

A number of other hedge funds also recently bought and sold shares of the business. Atwater Malick LLC acquired a new position in shares of Invesco QQQ during the first quarter valued at approximately $293,000. Bank Hapoalim BM increased 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 purchasing an additional 4,549 shares during the last quarter. Aviance Capital Partners LLC increased its holdings in shares of Invesco QQQ by 29.7% in the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after purchasing an additional 1,033 shares during the last quarter. Ameriprise Financial Inc. increased 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 purchasing an additional 243,305 shares during the last quarter. Finally, GenWealth Group Inc. increased its holdings in shares of Invesco QQQ by 5.8% in the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after purchasing an additional 2,325 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $2.50 during midday trading on Friday, hitting $479.11. The company had a trading volume of 34,881,581 shares, compared to its average volume of 28,583,126. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $487.20. The business’s 50-day simple moving average is $454.85 and its 200-day simple moving average is $436.54.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be issued a $0.7615 dividend. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

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.