Baugh & Associates LLC Buys 124 Shares of Invesco QQQ (NASDAQ:QQQ)

Baugh & Associates LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 19.3% in the 1st quarter, Holdings Channel reports. The firm owned 768 shares of the exchange traded fund’s stock after buying an additional 124 shares during the quarter. Baugh & Associates LLC’s holdings in Invesco QQQ were worth $341,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QQQ. Bank Hapoalim BM increased its holdings in Invesco QQQ by 6.3% during the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after purchasing an additional 4,549 shares during the period. Aviance Capital Partners LLC lifted its holdings in Invesco QQQ by 29.7% during the fourth quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after purchasing an additional 1,033 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after purchasing an additional 243,305 shares during the period. GenWealth Group Inc. boosted its stake in shares of Invesco QQQ by 5.8% during the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after purchasing an additional 2,325 shares during the period. Finally, VitalStone Financial LLC lifted its holdings in Invesco QQQ by 302.0% during the 3rd quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after buying an additional 16,079 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $0.34 on Friday, hitting $481.95. 19,579,427 shares of the company traded hands, compared to its average volume of 40,938,879. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $487.20. The stock’s 50 day moving average price is $452.40 and its 200-day moving average price is $435.37.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be paid a dividend of $0.7615 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 annualized dividend and a dividend yield of 0.63%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

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.