Federation des caisses Desjardins du Quebec Acquires 20,669 Shares of Invesco QQQ $QQQ

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Invesco QQQ by 14.0%, acquiring an additional 20,669 shares in the first quarter, bringing its total holdings to 168,616 shares worth approximately $79 million.
• Other institutional investors actively adjusted their positions in Invesco QQQ, with notable increases from Blume Capital Management (up 105.0%) and Atlantic Private Wealth (up 3,000.0%
• Invesco QQQ recently announced a quarterly dividend of $0.5911 per share, representing an annualized yield of 0.4% despite a recent decline in stock price.

Federation des caisses Desjardins du Quebec lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 14.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 168,616 shares of the exchange traded fund's stock after acquiring an additional 20,669 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Invesco QQQ were worth $79,067,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Eagle Capital Management LLC increased its position in shares of Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after acquiring an additional 185 shares during the period. Brighton Jones LLC grew its holdings in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its holdings in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after purchasing an additional 176 shares during the period. First Trust Advisors LP purchased a new stake in Invesco QQQ in the fourth quarter worth about $610,000. Finally, Triumph Capital Management lifted its stake in shares of Invesco QQQ by 1.8% in the fourth quarter. Triumph Capital Management now owns 8,753 shares of the exchange traded fund's stock worth $4,475,000 after buying an additional 154 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.8%

Shares of NASDAQ QQQ traded up $4.45 during midday trading on Wednesday, hitting $570.07. The stock had a trading volume of 54,107,185 shares, compared to its average volume of 42,395,224. The business's 50 day moving average is $564.11 and its 200-day moving average is $518.10. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32.

Invesco QQQ Cuts Dividend

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