Axis Wealth Partners LLC Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

by · The Cerbat Gem

Axis Wealth Partners LLC boosted its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 2.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,893 shares of the exchange traded fund’s stock after purchasing an additional 42 shares during the period. Axis Wealth Partners LLC’s holdings in Invesco QQQ were worth $887,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7%

Shares of NASDAQ QQQ opened at $550.80 on Thursday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $552.80. The firm’s 50 day simple moving average is $516.09 and its 200-day simple moving average is $504.49.

Invesco QQQ Cuts Dividend

The company 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 dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%.

Invesco QQQ 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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