Cloud Capital Management LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,198 shares of the exchange traded fund's stock, valued at approximately $2,437,000. Invesco QQQ comprises approximately 1.7% of Cloud Capital Management LLC's portfolio, making the stock its 17th largest position.
A number of other large investors have also recently added to or reduced their stakes in QQQ. NWI Management LP lifted its holdings in shares of Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the period. GAMMA Investing LLC lifted its holdings 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 worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. Senator Investment Group LP purchased a new position in shares of Invesco QQQ during the 4th quarter worth about $679,936,000. Spear Holdings RSC Ltd purchased a new position in shares of Invesco QQQ during the 1st quarter worth about $474,600,000. Finally, Asset Planning Services Inc. LA ADV lifted its holdings in shares of Invesco QQQ by 100,517.9% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after acquiring an additional 931,801 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trading Down 0.8%
Shares of QQQ stock traded down $4.19 during trading hours on Monday, hitting $552.03. 45,126,311 shares of the company were exchanged, compared to its average volume of 39,298,673. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.20. The firm has a fifty day moving average of $519.53 and a 200 day moving average of $504.60.
Invesco QQQ Cuts Dividend
The firm also recently declared 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 annualized dividend and a yield of 0.43%.
About Invesco QQQ
(
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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