4,196 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by AWM Capital LLC

Key Points

• AWM Capital LLC has acquired 4,196 shares of Invesco QQQ, valued at approximately $1,970,000, according to its latest SEC filing.
• Other institutional investors are also increasing their stakes in Invesco QQQ, with several firms acquiring new shares worth amounts ranging from $35,000 to $57,000.
• Invesco QQQ has recently cut its dividend, now offering a quarterly payment of $0.5911, which translates to an annualized yield of 0.42%.

AWM Capital LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,196 shares of the exchange traded fund's stock, valued at approximately $1,970,000.

A number of other institutional investors have also made changes to their positions in the stock. Eagle Capital Management LLC grew its holdings in shares of Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after purchasing an additional 185 shares in the last quarter. Brighton Jones LLC boosted its stake in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after buying an additional 176 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in Invesco QQQ by 34.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 14,592 shares of the exchange traded fund's stock valued at $7,460,000 after buying an additional 3,728 shares in the last quarter. Finally, RWA Wealth Partners LLC boosted its stake in Invesco QQQ by 319.3% in the 4th quarter. RWA Wealth Partners LLC now owns 34,510 shares of the exchange traded fund's stock valued at $17,643,000 after buying an additional 26,280 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.2%

QQQ traded down $0.90 during trading on Thursday, hitting $567.12. The company's stock had a trading volume of 41,708,839 shares, compared to its average volume of 44,606,402. The firm's 50 day moving average price is $542.10 and its two-hundred day moving average price is $509.98. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $574.63.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%.

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.