Westwood Holdings Group Inc. Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Westwood Holdings Group Inc. lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 14.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 16,155 shares of the exchange traded fund’s stock after acquiring an additional 1,993 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Invesco QQQ were worth $7,173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its stake in Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at about $1,580,776,000. Harvard Management Co. Inc. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $304,591,000. CHURCHILL MANAGEMENT Corp grew its holdings in shares of Invesco QQQ by 30.7% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after purchasing an additional 433,317 shares in the last quarter. Finally, Granite Bay Wealth Management LLC increased its position in shares of Invesco QQQ by 47.1% in the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after purchasing an additional 378,922 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 1.0 %

Invesco QQQ stock traded up $4.70 during mid-day trading on Friday, hitting $462.97. 39,992,132 shares of the company traded hands, compared to its average volume of 34,120,704. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The stock has a fifty day moving average price of $474.69 and a 200-day moving average price of $447.40.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be issued a dividend of $0.7615 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Monday, June 24th.

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.