BOS Asset Management LLC Boosts Stake in Invesco QQQ $QQQ

BOS Asset Management LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 17.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,202 shares of the exchange traded fund’s stock after purchasing an additional 179 shares during the period. BOS Asset Management LLC’s holdings in Invesco QQQ were worth $564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. WBI Investments LLC raised its stake in Invesco QQQ by 111.3% during the 1st quarter. WBI Investments LLC now owns 17,310 shares of the exchange traded fund’s stock valued at $8,117,000 after acquiring an additional 9,116 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Invesco QQQ by 8.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 65,160 shares of the exchange traded fund’s stock valued at $30,555,000 after acquiring an additional 4,812 shares during the last quarter. Blue Rock Wealth Management LLC raised its stake in Invesco QQQ by 17.8% during the 1st quarter. Blue Rock Wealth Management LLC now owns 7,759 shares of the exchange traded fund’s stock valued at $3,638,000 after acquiring an additional 1,175 shares during the last quarter. Focus Partners Wealth raised its stake in Invesco QQQ by 11.3% during the 1st quarter. Focus Partners Wealth now owns 436,136 shares of the exchange traded fund’s stock valued at $204,578,000 after acquiring an additional 44,318 shares during the last quarter. Finally, Strive Asset Management LLC raised its stake in Invesco QQQ by 29.5% during the 1st quarter. Strive Asset Management LLC now owns 41,732 shares of the exchange traded fund’s stock valued at $19,569,000 after acquiring an additional 9,495 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.0%

QQQ opened at $580.70 on Thursday. The business has a 50 day moving average price of $567.06 and a two-hundred day moving average price of $519.55. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.77.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.