DGS Capital Management LLC Takes $944,000 Position in Invesco QQQ (NASDAQ:QQQ)

DGS Capital Management LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 2,127 shares of the exchange traded fund’s stock, valued at approximately $944,000.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. Summit X LLC lifted its stake in shares of Invesco QQQ by 0.4% in the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after buying an additional 24 shares during the last quarter. IMA Wealth Inc. lifted its stake in shares of Invesco QQQ by 1.3% in the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after buying an additional 25 shares during the last quarter. S.A. Mason LLC raised its stake in Invesco QQQ by 1.5% during the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after purchasing an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC raised its stake in Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares during the last quarter. Finally, Cedrus LLC raised its stake in Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 25 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.0 %

NASDAQ:QQQ opened at $480.42 on Thursday. Invesco QQQ has a one year low of $342.35 and a one year high of $486.86. The company has a fifty day moving average price of $451.31 and a 200 day moving average price of $435.05.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be paid a $0.7615 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.63%.

Invesco QQQ Company 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.