Invesco QQQ $QQQ Shares Acquired by Global Endowment Management LP

Key Points

• Global Endowment Management LP increased its stake in Invesco QQQ by 358%, holding 3,481 shares worth approximately $1.63 million after acquiring an additional 2,721 shares in the first quarter.
• Invesco QQQ's current stock price opened at $577.34, with a 52-week range between $402.39 and $583.32.
• The company announced a quarterly dividend of $0.5911, resulting in an annualized dividend yield of 0.4%.

Global Endowment Management LP boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 358.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,481 shares of the exchange traded fund's stock after acquiring an additional 2,721 shares during the quarter. Global Endowment Management LP's holdings in Invesco QQQ were worth $1,632,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Gen Wealth Partners Inc increased its stake in Invesco QQQ by 154.8% in the first quarter. Gen Wealth Partners Inc now owns 1,679 shares of the exchange traded fund's stock worth $787,000 after purchasing an additional 1,020 shares during the period. American Century Companies Inc. purchased a new position in Invesco QQQ in the 1st quarter worth about $3,442,000. LWM Advisory Services LLC lifted its holdings in Invesco QQQ by 3.8% during the 1st quarter. LWM Advisory Services LLC now owns 5,621 shares of the exchange traded fund's stock valued at $2,638,000 after buying an additional 206 shares in the last quarter. Howard Wealth Management LLC grew its stake in Invesco QQQ by 1.7% in the 1st quarter. Howard Wealth Management LLC now owns 2,051 shares of the exchange traded fund's stock worth $962,000 after acquiring an additional 35 shares in the last quarter. Finally, Marathon Trading Investment Management LLC grew its stake in Invesco QQQ by 101.8% in the 1st quarter. Marathon Trading Investment Management LLC now owns 900 shares of the exchange traded fund's stock worth $422,000 after acquiring an additional 50,900 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $0.23 during midday trading on Monday, reaching $577.11. 29,721,224 shares of the company's stock traded hands, compared to its average volume of 43,988,752. The stock's 50 day simple moving average is $554.13 and its 200-day simple moving average is $514.06. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32.

Invesco QQQ Cuts Dividend

The firm also recently announced 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. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.