Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lifted by Invictus Private Wealth LLC

Key Points

• Invictus Private Wealth LLC increased its holdings in Invesco QQQ shares by 1.9%, owning 344,850 shares after acquiring an additional 6,591 shares in the first quarter.
• 44.58% of Invesco QQQ's stock is owned by institutional investors and hedge funds, indicating significant institutional interest in the exchange-traded fund.
• Invesco QQQ recently cut its quarterly dividend to $0.5911, representing an annual yield of 0.4% for shareholders.

Invictus Private Wealth LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 344,850 shares of the exchange traded fund's stock after acquiring an additional 6,591 shares during the quarter. Invesco QQQ makes up about 12.8% of Invictus Private Wealth LLC's investment portfolio, making the stock its 2nd biggest position. Invictus Private Wealth LLC owned about 0.06% of Invesco QQQ worth $161,707,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the fourth quarter worth approximately $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the first quarter worth approximately $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ in the fourth quarter worth approximately $57,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 2.0%

NASDAQ:QQQ traded down $11.13 during midday trading on Friday, hitting $553.88. The stock had a trading volume of 69,290,965 shares, compared to its average volume of 40,141,440. Invesco QQQ has a one year low of $402.39 and a one year high of $574.63. The stock has a 50-day moving average of $544.01 and a 200 day moving average of $510.73.

Invesco QQQ Cuts Dividend

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

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.