Alexis Investment Partners LLC Buys 448 Shares of Invesco QQQ $QQQ

Key Points

• Alexis Investment Partners LLC increased its stake in Invesco QQQ by 2.6%, acquiring an additional 448 shares during the first quarter, bringing their total holdings to 17,672 shares.
• Invesco QQQ currently represents 4.0% of Alexis Investment Partners LLC's investment portfolio, making it their 2nd largest position valued at approximately $8.29 million.
• The company announced a recent quarterly dividend of $0.5911 per share, which reflects an annualized yield of 0.4%.

Alexis Investment Partners LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,672 shares of the exchange traded fund's stock after purchasing an additional 448 shares during the quarter. Invesco QQQ accounts for approximately 4.0% of Alexis Investment Partners LLC's investment portfolio, making the stock its 2nd biggest holding. Alexis Investment Partners LLC's holdings in Invesco QQQ were worth $8,287,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wilkins Miller Wealth Management LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth $1,018,000. Sentinus LLC increased its holdings in Invesco QQQ by 17.6% during the fourth quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund's stock worth $3,307,000 after buying an additional 970 shares during the last quarter. Sendero Wealth Management LLC acquired a new position in Invesco QQQ during the first quarter worth $273,000. Griffith & Werner Inc. acquired a new position in Invesco QQQ during the fourth quarter worth $583,000. Finally, GSG Advisors LLC increased its holdings in Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after buying an additional 585 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ traded up $5.16 during trading on Thursday, reaching $575.23. 47,304,907 shares of the stock were exchanged, compared to its average volume of 43,876,056. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.32. The stock's 50 day moving average price is $564.69 and its two-hundred day moving average price is $518.35.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a dividend of $0.5911 per share. 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.