Invesco QQQ $QQQ Shares Purchased by Vista Cima Wealth Management LLC

Vista Cima Wealth Management LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,355 shares of the exchange traded fund’s stock after buying an additional 1,091 shares during the period. Invesco QQQ makes up 8.7% of Vista Cima Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Vista Cima Wealth Management LLC’s holdings in Invesco QQQ were worth $11,889,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new position in Invesco QQQ during the first quarter worth about $2,775,904,000. NWI Management LP raised its stake in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC raised its stake in Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Finally, Spear Holdings RSC Ltd purchased a new position in Invesco QQQ during the first quarter worth about $474,600,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.0%

Shares of QQQ stock opened at $580.70 on Thursday. The firm’s 50-day moving average is $567.06 and its two-hundred day moving average is $519.55. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.77.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

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.