Confluence Wealth Services Inc. Takes $742,000 Position in Invesco QQQ (NASDAQ:QQQ)

Confluence Wealth Services Inc. bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,672 shares of the exchange traded fund’s stock, valued at approximately $742,000.

A number of other large investors have also recently modified their holdings of QQQ. International Assets Investment Management LLC boosted its stake 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 in the last quarter. Global Assets Advisory LLC bought a new stake in Invesco QQQ during the first quarter worth about $1,580,776,000. CHURCHILL MANAGEMENT Corp boosted its stake in 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 acquiring an additional 433,317 shares in the last quarter. Comerica Bank bought a new stake in Invesco QQQ during the third quarter worth about $140,657,000. Finally, Granite Bay Wealth Management LLC boosted its stake in 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. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.9 %

NASDAQ:QQQ traded down $8.16 during mid-day trading on Tuesday, hitting $424.59. 42,556,273 shares of the company’s stock were exchanged, compared to its average volume of 45,909,301. Invesco QQQ has a one year low of $315.11 and a one year high of $449.34. The business has a fifty day moving average price of $436.86 and a 200 day moving average price of $411.54.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.54%.

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.