Graypoint LLC Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Graypoint LLC increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 85.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,583 shares of the exchange traded fund's stock after acquiring an additional 1,192 shares during the period. Graypoint LLC's holdings in Invesco QQQ were worth $1,211,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. NWI Management LP raised its stake in Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after buying an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Senator Investment Group LP acquired a new position in shares of Invesco QQQ during the fourth quarter worth $679,936,000. Spear Holdings RSC Ltd purchased a new stake in shares of Invesco QQQ during the first quarter valued at $474,600,000. Finally, Asset Planning Services Inc. LA ADV boosted its holdings in Invesco QQQ by 100,517.9% in the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock valued at $437,375,000 after purchasing an additional 931,801 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $0.54 during mid-day trading on Friday, hitting $561.26. The company's stock had a trading volume of 50,428,921 shares, compared to its average volume of 39,495,266. The business's fifty day moving average is $534.38 and its two-hundred day moving average is $507.15. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $564.73.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.42%.

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.