2,166 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Argentarii LLC

Argentarii LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,166 shares of the exchange traded fund’s stock, valued at approximately $1,016,000.

Several other large investors have also modified their holdings of QQQ. Wilkins Miller Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $1,018,000. Grant Private Wealth Management Inc bought a new stake in Invesco QQQ in the 4th quarter valued at $815,000. Tandem Investment Partners LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $4,623,000. Gemsstock Ltd. boosted its holdings in Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock valued at $150,046,000 after purchasing an additional 213,400 shares during the period. Finally, Wescott Financial Advisory Group LLC raised its stake in shares of Invesco QQQ by 1.8% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund’s stock valued at $75,071,000 after buying an additional 2,600 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $555.88 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $557.20. The firm has a fifty day moving average of $519.53 and a 200-day moving average of $504.67.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Monday, June 23rd.

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.