Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 4.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,018 shares of the exchange traded fund’s stock after acquiring an additional 142 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Invesco QQQ were worth $1,344,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ in the 1st quarter valued at $29,000. Voisard Asset Management Group Inc. purchased a new position in Invesco QQQ in the 4th quarter valued at $35,000. Red Tortoise LLC lifted its holdings in Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares in the last quarter. Robinson Capital Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth $40,000. Finally, Friedenthal Financial purchased a new position in shares of Invesco QQQ during the 4th quarter worth $41,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.3 %

NASDAQ QQQ opened at $473.96 on Tuesday. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $486.86. The business’s fifty day simple moving average is $450.34 and its 200-day simple moving average is $434.44.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be given a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.64%. The ex-dividend date is Monday, June 24th.

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.