Cookson Peirce & Co. Inc. Invests $428,000 in Invesco QQQ $QQQ

Key Points

• Cookson Peirce & Co. Inc. has acquired a new position in Invesco QQQ, purchasing 912 shares valued at approximately $428,000.
• Institutional investors collectively own 44.58% of Invesco QQQ, with notable increases in positions from firms like Goldman Sachs, which boosted its holdings by 959.6% in the 1st quarter.
• Invesco QQQ recently announced a quarterly dividend of $0.5911, reflecting a 0.4% yield, with dividends paid on July 31st.

Cookson Peirce & Co. Inc. purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 912 shares of the exchange traded fund's stock, valued at approximately $428,000.

Several other institutional investors also recently added to or reduced their stakes in QQQ. Wilkins Miller Wealth Management LLC acquired a new position in Invesco QQQ in the fourth quarter worth $1,018,000. Sentinus LLC boosted its position in shares of Invesco QQQ by 17.6% during the fourth quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund's stock worth $3,307,000 after buying an additional 970 shares during the period. Sendero Wealth Management LLC acquired a new position in shares of Invesco QQQ during the first quarter worth about $273,000. Cary Street Partners Financial LLC acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $10,052,000. Finally, Baird Financial Group Inc. boosted its position in Invesco QQQ by 4.0% during the fourth quarter. Baird Financial Group Inc. now owns 327,433 shares of the exchange traded fund's stock valued at $167,394,000 after purchasing an additional 12,627 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded down $0.23 during mid-day trading on Monday, reaching $577.11. The company's stock had a trading volume of 29,721,224 shares, compared to its average volume of 44,743,324. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $583.32. The business has a 50-day simple moving average of $554.13 and a two-hundred day simple moving average of $514.06.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.