Invesco QQQ (NASDAQ:QQQ) is J.Safra Asset Management Corp's Largest Position

J.Safra Asset Management Corp grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 343,649 shares of the exchange traded fund's stock after acquiring an additional 15,033 shares during the quarter. Invesco QQQ accounts for approximately 13.4% of J.Safra Asset Management Corp's holdings, making the stock its largest holding. J.Safra Asset Management Corp owned 0.05% of Invesco QQQ worth $161,144,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wilkins Miller Wealth Management LLC purchased a new position in Invesco QQQ in the 4th quarter worth $1,018,000. Synergy Investment Management LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at about $723,000. Grant Private Wealth Management Inc purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $815,000. Tandem Investment Partners LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $4,623,000. Finally, Gemsstock Ltd. lifted its holdings in shares of Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after purchasing an additional 213,400 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.3%

Shares of NASDAQ QQQ opened at $548.09 on Monday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $552.23. The business's 50 day moving average price is $509.76 and its 200 day moving average price is $503.72.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date is 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.

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