Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Crew Capital Management Ltd.

Crew Capital Management Ltd. grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 25.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,857 shares of the exchange traded fund's stock after buying an additional 1,595 shares during the period. Invesco QQQ makes up approximately 3.0% of Crew Capital Management Ltd.'s holdings, making the stock its 5th biggest position. Crew Capital Management Ltd.'s holdings in Invesco QQQ were worth $3,685,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wilkins Miller Wealth Management LLC bought a new position in Invesco QQQ in the 4th quarter worth $1,018,000. Grant Private Wealth Management Inc acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $815,000. Gemsstock Ltd. boosted its stake in Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after purchasing an additional 213,400 shares during the period. Tandem Investment Partners LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $4,623,000. Finally, Wescott Financial Advisory Group LLC increased its position in Invesco QQQ by 1.8% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock worth $75,071,000 after buying an additional 2,600 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.8%

Shares of QQQ traded down $4.19 during mid-day trading on Monday, hitting $552.03. The company's stock had a trading volume of 45,126,311 shares, compared to its average volume of 39,298,673. Invesco QQQ has a one year low of $402.39 and a one year high of $557.20. The stock's 50-day moving average is $519.53 and its two-hundred day moving average is $504.60.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.

Invesco QQQ 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.