Invesco QQQ (NASDAQ:QQQ) Shares Bought by Atlas Capital Advisors Inc.

Key Points

• Atlas Capital Advisors Inc. increased its stake in Invesco QQQ by 185.5% in the first quarter, holding 2,795 shares valued at approximately $1.31 million.
• Goldman Sachs Group Inc. significantly boosted its position in Invesco QQQ by 959.6%, now owning over 24 million shares valued at about $11.3 billion.
• Invesco QQQ declared a quarterly dividend of $0.5911 per share, reflecting an annualized dividend yield of 0.4%.

Atlas Capital Advisors Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 185.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,795 shares of the exchange traded fund's stock after buying an additional 1,816 shares during the quarter. Atlas Capital Advisors Inc.'s holdings in Invesco QQQ were worth $1,311,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in Invesco QQQ by 959.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new stake in Invesco QQQ during the 1st quarter worth approximately $2,775,904,000. Ameriprise Financial Inc. raised its holdings in Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after acquiring an additional 756,990 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Invesco QQQ by 2.3% in the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock valued at $1,163,036,000 after acquiring an additional 54,944 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Invesco QQQ by 34.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after acquiring an additional 568,120 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.9%

NASDAQ:QQQ traded up $5.31 during mid-day trading on Friday, hitting $574.55. The stock had a trading volume of 35,191,297 shares, compared to its average volume of 44,779,680. The stock has a 50-day simple moving average of $549.00 and a two-hundred day simple moving average of $512.23. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $574.77.

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 $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend 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.