Blair William & Co. IL Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Key Points

• Blair William & Co. IL increased its holdings in Invesco QQQ by 1.1%, acquiring an additional 2,799 shares and bringing its total to 256,592 shares worth $120.3 million.
• Institutional investors collectively own 44.58% of Invesco QQQ’s stock, indicating strong interest from larger financial entities.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, which represents an annualized rate of $2.36 and a yield of 0.4%.

Blair William & Co. IL grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 256,592 shares of the exchange traded fund's stock after purchasing an additional 2,799 shares during the quarter. Blair William & Co. IL's holdings in Invesco QQQ were worth $120,321,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in QQQ. Wilkins Miller Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $1,018,000. Gemsstock Ltd. raised its position in shares of Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after purchasing an additional 213,400 shares during the last quarter. Tandem Investment Partners LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $4,623,000. Sentinus LLC raised its position in shares of Invesco QQQ by 17.6% during the 4th quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund's stock worth $3,307,000 after purchasing an additional 970 shares during the last quarter. Finally, Phoenix Financial Ltd. raised its position in shares of Invesco QQQ by 55.4% during the 4th quarter. Phoenix Financial Ltd. now owns 100,760 shares of the exchange traded fund's stock worth $51,894,000 after purchasing an additional 35,912 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.8%

QQQ traded up $10.22 during trading on Monday, hitting $564.10. The company's stock had a trading volume of 47,445,916 shares, compared to its average volume of 43,611,480. The firm's 50 day moving average price is $544.01 and its 200-day moving average price is $510.67. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $574.63.

Invesco QQQ Cuts Dividend

The business also recently disclosed 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.