Bryn Mawr Capital Management LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,376 shares of the exchange traded fund's stock after selling 784 shares during the period. Bryn Mawr Capital Management LLC's holdings in Invesco QQQ were worth $5,334,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. NWI Management LP increased its position in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after acquiring an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at about $679,936,000. Spear Holdings RSC Ltd bought a new position in shares of Invesco QQQ in the 1st quarter worth approximately $474,600,000. Finally, Asset Planning Services Inc. LA ADV boosted its holdings in shares of Invesco QQQ by 100,517.9% in the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after buying an additional 931,801 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
NASDAQ QQQ traded up $0.57 during trading hours on Wednesday, hitting $557.29. 52,175,503 shares of the company's stock traded hands, compared to its average volume of 39,562,358. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $560.80. The business's fifty day moving average price is $531.45 and its two-hundred day moving average price is $506.52.
Invesco QQQ Cuts Dividend
The business also recently announced 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%.
Invesco QQQ Company Profile
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Free Report)
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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