Ieq Capital LLC Purchases 89,716 Shares of Invesco QQQ $QQQ

Key Points

• Ieq Capital LLC boosted its holdings in Invesco QQQ by 21.1%, owning 514,985 shares after purchasing an additional 89,716 shares in the first quarter.
• Invesco QQQ has a current value of $241,494,000, representing approximately 0.08% of Ieq Capital LLC's portfolio, making it their 8th largest holding.
• The firm announced a quarterly dividend of $0.5911 per share, with an annualized yield of 0.4%, having a recent ex-dividend date on June 23rd.

Ieq Capital LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 21.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 514,985 shares of the exchange traded fund's stock after purchasing an additional 89,716 shares during the quarter. Invesco QQQ makes up approximately 1.9% of Ieq Capital LLC's portfolio, making the stock its 8th biggest position. Ieq Capital LLC owned approximately 0.08% of Invesco QQQ worth $241,494,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Invesco QQQ by 0.3% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after purchasing an additional 20 shares during the last quarter. Willis Johnson & Associates Inc. grew its holdings in Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after purchasing an additional 21 shares during the last quarter. MTM Investment Management LLC grew its holdings in Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after purchasing an additional 21 shares during the last quarter. Cutler Investment Counsel LLC grew its holdings in Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after purchasing an additional 21 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC boosted its stake in shares of Invesco QQQ by 1.6% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after acquiring an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.6%

Shares of QQQ traded up $3.59 during trading hours on Thursday, reaching $577.08. 46,700,719 shares of the company traded hands, compared to its average volume of 46,338,520. The stock has a fifty day simple moving average of $561.37 and a 200 day simple moving average of $517.09. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32.

Invesco QQQ Cuts Dividend

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