Berkshire Asset Management LLC PA Acquires Shares of 2,024 Invesco QQQ (NASDAQ:QQQ)

Berkshire Asset Management LLC PA bought a new position in Invesco QQQ (NASDAQ:QQQ) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,024 shares of the exchange traded fund’s stock, valued at approximately $650,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. boosted its holdings in shares of Invesco QQQ by 6,686.3% in the first quarter. Raleigh Capital Management Inc. now owns 6,922 shares of the exchange traded fund’s stock worth $2,222,000 after acquiring an additional 6,820 shares during the period. Berkeley Capital Partners LLC grew its holdings in Invesco QQQ by 0.8% during the 1st quarter. Berkeley Capital Partners LLC now owns 18,874 shares of the exchange traded fund’s stock valued at $6,057,000 after buying an additional 159 shares in the last quarter. Asset Planning Corporation bought a new stake in shares of Invesco QQQ during the first quarter valued at about $200,000. ACT Advisors LLC. increased its position in shares of Invesco QQQ by 3,316.0% during the first quarter. ACT Advisors LLC. now owns 72,932 shares of the exchange traded fund’s stock valued at $23,406,000 after buying an additional 70,797 shares during the period. Finally, GenWealth Group Inc. lifted its holdings in shares of Invesco QQQ by 4,889.2% in the first quarter. GenWealth Group Inc. now owns 45,352 shares of the exchange traded fund’s stock worth $14,555,000 after buying an additional 44,443 shares in the last quarter. Institutional investors own 43.95% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

Shares of NASDAQ:QQQ opened at $374.21 on Thursday. The company has a 50 day moving average of $372.83 and a 200 day moving average of $347.29. Invesco QQQ has a 12 month low of $254.26 and a 12 month high of $387.98.

Invesco QQQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Wednesday, June 21st were issued a $0.504 dividend. The ex-dividend date was Tuesday, June 20th. This represents a $2.02 annualized dividend and a dividend yield of 0.54%.

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.