Amundi Buys 6,600 Shares of Invesco QQQ $QQQ

Amundi raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,903 shares of the exchange traded fund's stock after buying an additional 6,600 shares during the period. Amundi's holdings in Invesco QQQ were worth $49,980,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth $1,018,000. Sentinus LLC grew its holdings in shares of Invesco QQQ by 17.6% during the 4th quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund's stock valued at $3,307,000 after purchasing an additional 970 shares during the last quarter. Sendero Wealth Management LLC bought a new position in shares of Invesco QQQ during the 1st quarter valued at $273,000. Griffith & Werner Inc. bought a new position in shares of Invesco QQQ during the 4th quarter valued at $583,000. Finally, GSG Advisors LLC grew its holdings in shares of Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock valued at $3,600,000 after purchasing an additional 585 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.1%

QQQ stock opened at $576.06 on Monday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32. The firm's fifty day moving average is $565.25 and its 200 day moving average is $518.33.

Invesco QQQ Cuts Dividend

The firm 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. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend 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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.