Peak Financial Management Inc. Acquires 180 Shares of Invesco QQQ (NASDAQ:QQQ)

Peak Financial Management Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,779 shares of the exchange traded fund’s stock after purchasing an additional 180 shares during the period. Peak Financial Management Inc.’s holdings in Invesco QQQ were worth $729,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. Ironwood Wealth Management LLC. grew its stake in Invesco QQQ by 7.4% during the first quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock worth $1,996,000 after buying an additional 381 shares in the last quarter. Axiom Financial Strategies LLC increased its holdings in Invesco QQQ by 11.6% during the 1st quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 85 shares during the period. Roundview Capital LLC lifted its stake in Invesco QQQ by 0.9% in the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after acquiring an additional 495 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Invesco QQQ by 11.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock valued at $997,000 after purchasing an additional 278 shares in the last quarter. Finally, Covestor Ltd boosted its position in Invesco QQQ by 309.2% during the 1st quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock valued at $162,000 after acquiring an additional 337 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

NASDAQ QQQ traded down $0.82 during trading hours on Thursday, reaching $444.01. 36,607,437 shares of the company’s stock traded hands, compared to its average volume of 44,988,266. The firm has a 50-day simple moving average of $433.84 and a 200 day simple moving average of $399.66. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.52%.

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.