Banque Pictet & Cie SA Raises Position in Invesco QQQ $QQQ

Key Points

• Banque Pictet & Cie SA significantly raised its position in Invesco QQQ by 552.3% in the second quarter, now holding 120,131 shares valued at $66 million.
• Invesco QQQ will pay a quarterly dividend of $0.694 on October 31st, up from the previous dividend of $0.59, resulting in an annualized yield of 0.5%.
• Shares of Invesco QQQ opened at $593.53, with a 12-month range between $402.39 and $602.87, reflecting recent ups and downs in the stock price.

Banque Pictet & Cie SA grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 552.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,131 shares of the exchange traded fund's stock after purchasing an additional 101,715 shares during the quarter. Invesco QQQ makes up about 0.5% of Banque Pictet & Cie SA's investment portfolio, making the stock its 27th biggest position. Banque Pictet & Cie SA's holdings in Invesco QQQ were worth $66,016,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ in the 2nd quarter worth $41,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the 1st quarter worth $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the 1st quarter worth $51,000. Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after buying an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC raised its position in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.4%

Shares of QQQ opened at $593.53 on Friday. The stock's fifty day simple moving average is $575.35 and its 200 day simple moving average is $526.62. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $602.87.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59.

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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