Blue Sky Capital Consultants Group Inc. Has $14.75 Million Position in Invesco QQQ (NASDAQ:QQQ)

Key Points

• Blue Sky Capital Consultants Group Inc. has increased its position in Invesco QQQ by 3.2%, making it the firm's largest holding at approximately 9.6% of its total portfolio.
• Invesco QQQ’s stock performance shows a 52-week range between $402.39 and $574.63, with a recent trading price of $553.88.
• The firm declared a quarterly dividend of $0.5911, resulting in an annualized yield of 0.4%.

Blue Sky Capital Consultants Group Inc. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 31,460 shares of the exchange traded fund's stock after acquiring an additional 962 shares during the period. Invesco QQQ accounts for 9.6% of Blue Sky Capital Consultants Group Inc.'s portfolio, making the stock its biggest holding. Blue Sky Capital Consultants Group Inc.'s holdings in Invesco QQQ were worth $14,752,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in QQQ. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $1,018,000. Gemsstock Ltd. lifted its stake in shares of Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after buying an additional 213,400 shares during the last quarter. Tandem Investment Partners LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth $4,623,000. Sentinus LLC grew its stake in Invesco QQQ by 17.6% in the 4th quarter. Sentinus LLC now owns 6,468 shares of the exchange traded fund's stock valued at $3,307,000 after buying an additional 970 shares during the last quarter. Finally, Phoenix Financial Ltd. raised its holdings in Invesco QQQ by 55.4% in the 4th quarter. Phoenix Financial Ltd. now owns 100,760 shares of the exchange traded fund's stock worth $51,894,000 after acquiring an additional 35,912 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.8%

Shares of Invesco QQQ stock traded up $10.22 during midday trading on Monday, hitting $564.10. The company had a trading volume of 47,445,916 shares, compared to its average volume of 43,611,480. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $574.63. The business's 50 day simple moving average is $544.01 and its two-hundred day simple moving average is $510.67.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.