71 West Capital Partners Takes $3.10 Million Position in Invesco QQQ $QQQ

71 West Capital Partners bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,051 shares of the exchange traded fund’s stock, valued at approximately $3,103,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Well Done LLC raised its position in shares of Invesco QQQ by 0.5% during the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock worth $2,113,000 after acquiring an additional 16 shares during the last quarter. Tenon Financial LLC raised its position in shares of Invesco QQQ by 2.2% during the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 17 shares during the last quarter. SJS Investment Consulting Inc. raised its position in shares of Invesco QQQ by 1.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after acquiring an additional 17 shares during the last quarter. Cascade Investment Group Inc. raised its position in shares of Invesco QQQ by 4.6% during the fourth quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock worth $238,000 after acquiring an additional 17 shares during the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management raised its position in shares of Invesco QQQ by 3.0% during the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 576 shares of the exchange traded fund’s stock worth $354,000 after acquiring an additional 17 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $744.00 on Tuesday. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65. The business has a fifty day moving average of $684.09 and a 200-day moving average of $636.34.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

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.