Bank Julius Baer & Co. Ltd Zurich Has $68.53 Million Position in Invesco QQQ (NASDAQ:QQQ)

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,217 shares of the exchange traded fund's stock after selling 4,350 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Invesco QQQ were worth $68,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Eagle Capital Management LLC lifted its position in shares of Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares in the last quarter. Brighton Jones LLC increased its stake in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Invesco QQQ by 3.5% during the fourth 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 during the last quarter. Guardian Partners Inc. bought a new position in shares of Invesco QQQ during the fourth quarter valued at about $361,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of Invesco QQQ during the fourth quarter valued at about $102,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $3.21 during trading hours on Tuesday, hitting $560.96. 16,578,229 shares of the company's stock traded hands, compared to its average volume of 39,416,980. The stock's fifty day simple moving average is $534.38 and its two-hundred day simple moving average is $507.13. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $566.06.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.

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