Heritage Family Offices LLP Makes New Investment in Invesco QQQ $QQQ

Heritage Family Offices LLP bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 691 shares of the exchange traded fund's stock, valued at approximately $381,000.

A number of other institutional investors have also recently made changes to their positions in QQQ. Brighton Jones LLC boosted its stake in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC lifted its stake 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 acquiring an additional 176 shares during the period. Nuveen Asset Management LLC purchased a new stake in Invesco QQQ in the fourth quarter worth $11,247,000. Westwood Holdings Group Inc. lifted its stake in Invesco QQQ by 246.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 38,218 shares of the exchange traded fund's stock worth $19,538,000 after acquiring an additional 27,178 shares during the period. Finally, WBI Investments LLC lifted its stake in Invesco QQQ by 12.7% in the fourth quarter. WBI Investments LLC now owns 8,194 shares of the exchange traded fund's stock worth $4,189,000 after acquiring an additional 923 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.9%

QQQ opened at $591.68 on Tuesday. The stock has a fifty day simple moving average of $569.03 and a two-hundred day simple moving average of $521.27. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $591.79.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a $0.5911 dividend. 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 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.

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