Note Advisors LLC Makes New Investment in Invesco QQQ $QQQ

Key Points

• Note Advisors LLC has acquired a new position in Invesco QQQ, purchasing 616 shares valued at approximately $289,000.
• Various institutional investors have recently made similar investments in Invesco QQQ, with hedge funds now owning 44.58% of the stock.
• The dividend yield for Invesco QQQ is currently at 0.4%, with a recent quarterly dividend paid to stockholders.

Note Advisors LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 616 shares of the exchange traded fund's stock, valued at approximately $289,000.

Other hedge funds have also made changes to their positions in the company. RB Capital Management LLC boosted its stake in Invesco QQQ by 1.5% during the 1st quarter. RB Capital Management LLC now owns 2,228 shares of the exchange traded fund's stock valued at $1,045,000 after purchasing an additional 33 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in Invesco QQQ by 15.3% during the 1st quarter. CreativeOne Wealth LLC now owns 74,323 shares of the exchange traded fund's stock valued at $34,851,000 after purchasing an additional 9,856 shares in the last quarter. Ieq Capital LLC lifted its position in shares of Invesco QQQ by 21.1% during the 1st quarter. Ieq Capital LLC now owns 514,985 shares of the exchange traded fund's stock valued at $241,494,000 after acquiring an additional 89,716 shares during the last quarter. Warwick Investment Management Inc. lifted its position in shares of Invesco QQQ by 1.0% during the 1st quarter. Warwick Investment Management Inc. now owns 38,552 shares of the exchange traded fund's stock valued at $18,078,000 after acquiring an additional 379 shares during the last quarter. Finally, Quadcap Wealth Management LLC lifted its position in shares of Invesco QQQ by 3.1% during the 1st quarter. Quadcap Wealth Management LLC now owns 18,235 shares of the exchange traded fund's stock valued at $8,551,000 after acquiring an additional 543 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $3.59 on Thursday, reaching $577.08. 46,700,719 shares of the company traded hands, compared to its average volume of 46,338,520. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32. The company's 50 day moving average is $561.37 and its 200-day moving average is $517.09.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a 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.