American Century Companies Inc. Makes New $3.44 Million Investment in Invesco QQQ $QQQ

Key Points

• American Century Companies Inc. has acquired a new stake in Invesco QQQ, purchasing 7,340 shares valued at approximately $3.4 million during the first quarter.
• Several other institutional investors, including LWM Advisory Services LLC and Marathon Trading Investment Management LLC, also increased their holdings in Invesco QQQ, indicating strong institutional interest.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, resulting in an annualized dividend of $2.36 and a yield of 0.4%.

American Century Companies Inc. bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,340 shares of the exchange traded fund's stock, valued at approximately $3,442,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ in the 1st quarter worth approximately $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ in the 1st quarter worth approximately $51,000. Banque Transatlantique SA bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $57,000. Blume Capital Management Inc. lifted its stake in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC lifted its stake in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 120 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $6.68 during trading on Monday, hitting $570.40. The company's stock had a trading volume of 55,870,652 shares, compared to its average volume of 44,778,712. The company has a 50-day moving average of $562.24 and a 200-day moving average of $517.17. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32.

Invesco QQQ Cuts Dividend

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