Galvin Gaustad & Stein LLC Purchases New Position in Invesco QQQ $QQQ

Galvin Gaustad & Stein LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,101 shares of the exchange traded fund’s stock, valued at approximately $676,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ in the third quarter valued at $25,000. Shcp LLC purchased a new stake in Invesco QQQ in the third quarter valued at $27,000. Navigoe LLC lifted its position in Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 45 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Invesco QQQ in the third quarter valued at $40,000. Finally, PayPay Securities Corp increased its stake in Invesco QQQ by 78.9% in the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $628.38 on Wednesday. Invesco QQQ has a one year low of $427.93 and a one year high of $637.01. The firm’s fifty day moving average is $599.41 and its two-hundred day moving average is $609.92.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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