Alaska Permanent Fund Corp Grows Position in Invesco QQQ $QQQ

Key Points

• The Alaska Permanent Fund Corp increased its stake in Invesco QQQ by 14,750.7%, owning 799,266 shares valued at about $380 million, making it the 4th largest position in their portfolio.
• Institutional investors have shown growing interest in Invesco QQQ, with several firms acquiring new stakes in the ETF during the fourth and first quarters of the year.
• Invesco QQQ recently announced a quarterly dividend of $0.5911 per share, resulting in an annualized yield of 0.4%.

Alaska Permanent Fund Corp grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 14,750.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 799,266 shares of the exchange traded fund's stock after purchasing an additional 793,884 shares during the quarter. Invesco QQQ comprises about 5.3% of Alaska Permanent Fund Corp's portfolio, making the stock its 4th biggest holding. Alaska Permanent Fund Corp owned about 0.13% of Invesco QQQ worth $380,027,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. CW Advisors LLC boosted its holdings in shares of Invesco QQQ by 8.7% in the 1st quarter. CW Advisors LLC now owns 78,346 shares of the exchange traded fund's stock valued at $36,816,000 after buying an additional 6,289 shares during the last quarter. Summit Financial LLC raised its position in Invesco QQQ by 85.5% during the first quarter. Summit Financial LLC now owns 69,746 shares of the exchange traded fund's stock worth $32,705,000 after acquiring an additional 32,139 shares in the last quarter. Estate Counselors LLC acquired a new stake in Invesco QQQ in the first quarter valued at $720,000. Partners Capital Investment Group LLP grew its position in shares of Invesco QQQ by 121.0% in the 1st quarter. Partners Capital Investment Group LLP now owns 20,142 shares of the exchange traded fund's stock valued at $9,445,000 after acquiring an additional 11,026 shares during the period. Finally, Joseph P. Lucia & Associates LLC increased its stake in shares of Invesco QQQ by 1.3% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 10,136 shares of the exchange traded fund's stock worth $4,753,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.5%

Invesco QQQ stock traded up $8.69 during midday trading on Friday, reaching $571.97. 51,413,030 shares of the company's stock were exchanged, compared to its average volume of 46,061,000. The stock's 50-day simple moving average is $557.92 and its 200 day simple moving average is $515.81. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.