1,672 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,672 shares of the exchange traded fund’s stock, valued at approximately $742,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ in the first quarter valued at approximately $29,000. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $35,000. Red Tortoise LLC lifted its stake in Invesco QQQ by 370.0% in the fourth 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. Robinson Capital Management LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $40,000. Finally, Friedenthal Financial purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded down $8.16 during trading hours on Tuesday, hitting $424.59. 42,556,273 shares of the company were exchanged, compared to its average volume of 45,909,301. Invesco QQQ has a 1 year low of $315.11 and a 1 year high of $449.34. The business has a 50-day moving average of $436.86 and a 200-day moving average of $411.54.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 18th.

About Invesco QQQ

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.