Client First Capital LLC Acquires 16,683 Shares of Invesco QQQ (NASDAQ:QQQ)

Client First Capital LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 46.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,324 shares of the exchange traded fund’s stock after purchasing an additional 16,683 shares during the period. Invesco QQQ makes up about 16.3% of Client First Capital LLC’s holdings, making the stock its 2nd biggest position. Client First Capital LLC’s holdings in Invesco QQQ were worth $23,232,000 as of its most recent SEC filing.

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

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $2.30 during trading hours on Friday, reaching $483.91. 2,981,379 shares of the company traded hands, compared to its average volume of 40,808,469. The firm’s 50-day moving average is $452.40 and its 200-day moving average is $435.37. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $486.86.

Invesco QQQ Increases Dividend

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

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.