Atwater Malick LLC Invests $293,000 in Invesco QQQ (NASDAQ:QQQ)

Atwater Malick LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 661 shares of the exchange traded fund’s stock, valued at approximately $293,000.

Several other hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC raised its holdings in Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after purchasing an additional 28,263,426 shares in the last quarter. Global Assets Advisory LLC purchased a new position in Invesco QQQ during the first quarter worth about $1,580,776,000. CHURCHILL MANAGEMENT Corp raised its holdings in Invesco QQQ by 30.7% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after purchasing an additional 433,317 shares in the last quarter. Comerica Bank purchased a new position in Invesco QQQ during the third quarter worth about $140,657,000. Finally, Granite Bay Wealth Management LLC raised its holdings in Invesco QQQ by 47.1% during the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after purchasing an additional 378,922 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $479.11 on Friday. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $487.20. The firm has a 50-day moving average price of $454.85 and a 200 day moving average price of $436.27.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be issued a $0.7615 dividend. The ex-dividend date of this dividend is Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%.

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.