Courage Miller Partners LLC Purchases New Shares in Invesco QQQ (NASDAQ:QQQ)

Courage Miller Partners LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 582 shares of the exchange traded fund’s stock, valued at approximately $258,000.

Several other hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its position in Invesco QQQ by 40,957.3% in 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 acquiring an additional 28,263,426 shares during the period. Ameriprise Financial Inc. raised its position in 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 acquiring an additional 243,305 shares during the period. Global Assets Advisory LLC bought a new stake in Invesco QQQ in the first quarter worth about $1,580,776,000. Commonwealth Equity Services LLC raised its position in Invesco QQQ by 7.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after acquiring an additional 162,691 shares during the period. Finally, CHURCHILL MANAGEMENT Corp raised its position in Invesco QQQ by 30.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after acquiring an additional 433,317 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $0.39 during midday trading on Friday, hitting $482.00. The company’s stock had a trading volume of 19,836,984 shares, compared to its average volume of 40,944,402. The stock has a fifty day moving average price of $452.40 and a 200 day moving average price of $435.37. Invesco QQQ has a one year low of $342.35 and a one year high of $487.20.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th will be given a $0.7615 dividend. 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 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.