Atwater Malick LLC Invests $293,000 in Invesco QQQ (NASDAQ:QQQ)

Atwater Malick LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 661 shares of the exchange traded fund’s stock, valued at approximately $293,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC boosted its holdings in shares of Invesco QQQ by 40,957.3% in 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 buying an additional 28,263,426 shares during the period. Global Assets Advisory LLC acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $1,580,776,000. CHURCHILL MANAGEMENT Corp boosted its holdings in shares of Invesco QQQ by 30.7% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock valued at $819,814,000 after buying an additional 433,317 shares during the period. Comerica Bank acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at about $140,657,000. Finally, Granite Bay Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 47.1% in the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock valued at $451,075,000 after buying an additional 378,922 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.5 %

NASDAQ QQQ opened at $479.11 on Friday. Invesco QQQ has a one year low of $342.35 and a one year high of $487.20. The company has a 50-day simple moving average of $454.85 and a 200-day simple moving average of $436.27.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be issued a $0.7615 dividend. The ex-dividend date is Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.64%.

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.