1,025 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by Transform Wealth LLC

Transform Wealth LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,025 shares of the exchange traded fund’s stock, valued at approximately $456,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Deane Retirement Strategies Inc. bought a new position in shares of Invesco QQQ during the 1st quarter valued at about $29,000. Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ in the fourth quarter worth approximately $35,000. Red Tortoise LLC increased its holdings in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares in the last quarter. Robinson Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $40,000. Finally, Friedenthal Financial acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $41,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock traded up $1.24 during mid-day trading on Thursday, reaching $481.61. 25,639,569 shares of the stock traded hands, compared to its average volume of 41,114,680. The stock’s fifty day moving average is $452.40 and its 200-day moving average is $435.37. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $486.86.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be given a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a yield of 0.63%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th.

Invesco QQQ 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.