Campbell Wealth Management raised its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,115 shares of the exchange traded fund’s stock after acquiring an additional 238 shares during the quarter. Invesco QQQ Trust comprises approximately 6.7% of Campbell Wealth Management’s portfolio, making the stock its 4th biggest holding. Campbell Wealth Management’s holdings in Invesco QQQ Trust were worth $54,785,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dravo Bay LLC bought a new stake in Invesco QQQ Trust in the first quarter worth $32,000. William Allan LLC bought a new stake in Invesco QQQ Trust in the fourth quarter worth $36,000. Arcadia Investment Management Corp MI bought a new stake in Invesco QQQ Trust in the first quarter worth $36,000. Capital Management Associates NY bought a new stake in Invesco QQQ Trust in the first quarter worth $36,000. Finally, Covestor Ltd bought a new stake in Invesco QQQ Trust in the fourth quarter worth $44,000. Institutional investors own 41.46% of the company’s stock.
Invesco QQQ Trust Price Performance
Invesco QQQ Trust stock opened at $293.70 on Wednesday. The firm has a fifty day simple moving average of $307.56 and a two-hundred day simple moving average of $314.85. Invesco QQQ Trust has a twelve month low of $269.28 and a twelve month high of $408.71.
Invesco QQQ Trust Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Wednesday, June 22nd were paid a $0.527 dividend. The ex-dividend date was Tuesday, June 21st. This is an increase from Invesco QQQ Trust’s previous quarterly dividend of $0.43. This represents a $2.11 annualized dividend and a yield of 0.72%.
About Invesco QQQ Trust
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.
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