Barlow Wealth Partners Inc. Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Barlow Wealth Partners Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 600 shares of the exchange traded fund’s stock, valued at approximately $246,000.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of Invesco QQQ by 40,957.3% during the 4th 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 purchasing an additional 28,263,426 shares during the last quarter. Comerica Bank bought a new position in Invesco QQQ during the third quarter valued at approximately $140,657,000. Granite Bay Wealth Management LLC raised its stake in shares of Invesco QQQ by 47.1% during 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 acquiring an additional 378,922 shares in the last quarter. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of Invesco QQQ by 36.3% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after acquiring an additional 376,661 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Invesco QQQ by 77.2% in the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after acquiring an additional 367,317 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $0.07 on Tuesday, hitting $440.32. 30,920,734 shares of the company’s stock traded hands, compared to its average volume of 45,561,238. The company’s fifty day simple moving average is $436.66 and its 200 day simple moving average is $414.00. Invesco QQQ has a one year low of $321.32 and a one year high of $449.34.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were given a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.52%.

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.