Invesco QQQ Trust (NASDAQ:QQQ) Shares Purchased by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC increased its position in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 5.0% in the first quarter, HoldingsChannel.com reports. The firm owned 779 shares of the exchange traded fund’s stock after acquiring an additional 37 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in Invesco QQQ Trust were worth $282,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bank of Montreal Can boosted its stake in Invesco QQQ Trust by 230.8% in the fourth quarter. Bank of Montreal Can now owns 1,573,181 shares of the exchange traded fund’s stock valued at $630,247,000 after acquiring an additional 2,775,878 shares in the last quarter. TD Asset Management Inc. boosted its stake in Invesco QQQ Trust by 19.3% in the fourth quarter. TD Asset Management Inc. now owns 4,402,427 shares of the exchange traded fund’s stock valued at $1,751,506,000 after acquiring an additional 712,630 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Invesco QQQ Trust by 108.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,285,127 shares of the exchange traded fund’s stock valued at $511,288,000 after acquiring an additional 669,791 shares in the last quarter. Senator Investment Group LP acquired a new position in Invesco QQQ Trust in the fourth quarter valued at $262,979,000. Finally, CWM LLC acquired a new position in Invesco QQQ Trust in the fourth quarter valued at $175,226,000. Hedge funds and other institutional investors own 42.74% of the company’s stock.

Shares of NASDAQ:QQQ opened at $280.67 on Thursday. The company has a 50-day simple moving average of $305.35 and a 200-day simple moving average of $343.21. Invesco QQQ Trust has a one year low of $269.28 and a one year high of $408.71.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Wednesday, June 22nd will be issued a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 0.75%. This is a boost from Invesco QQQ Trust’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Tuesday, June 21st.

Invesco QQQ Trust Profile (Get Rating)

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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