Banco BTG Pactual S.A. Takes Position in Invesco QQQ $QQQ

Key Points

• Banco BTG Pactual S.A. acquired a new position in Invesco QQQ, purchasing 6,018 shares valued at approximately $2.82 million.
• Invesco QQQ stock is currently down 1.4%, with recent trading at around $569.28 and a wide 52-week range between $402.39 and $583.32.
• The company recently cut its dividend, announcing a quarterly payment of $0.5911 per share which translates to an annualized yield of 0.4%.

Banco BTG Pactual S.A. acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,018 shares of the exchange traded fund's stock, valued at approximately $2,822,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter valued at approximately $51,000. Banque Transatlantique SA purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $57,000. Finally, Blume Capital Management Inc. increased its stake in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after buying an additional 2,536 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ traded up $8.69 during mid-day trading on Friday, hitting $571.97. 51,413,030 shares of the company's stock traded hands, compared to its average volume of 46,061,000. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $583.32. The business's 50-day moving average price is $557.92 and its 200-day moving average price is $515.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid 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 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.