Lyell Wealth Management LP Has $2.11 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Lyell Wealth Management LP grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,489 shares of the exchange traded fund’s stock after buying an additional 251 shares during the quarter. Lyell Wealth Management LP’s holdings in Invesco QQQ were worth $2,105,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC grew its stake in Invesco QQQ by 8.2% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund’s stock worth $138,000 after buying an additional 20 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund’s stock worth $3,080,000 after buying an additional 20 shares in the last quarter. Willis Johnson & Associates Inc. grew its stake in Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund’s stock worth $416,000 after buying an additional 21 shares in the last quarter. MTM Investment Management LLC boosted its stake in shares of Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after purchasing an additional 21 shares in the last quarter. Finally, Cutler Investment Counsel LLC boosted its stake in shares of Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after purchasing an additional 21 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.1%

Shares of Invesco QQQ stock opened at $568.02 on Thursday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $572.11. The company has a fifty day moving average of $542.10 and a 200-day moving average of $509.98.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%.

Invesco QQQ 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.