Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,600 shares of the exchange traded fund's stock after buying an additional 1,700 shares during the period. Louisiana State Employees Retirement System's holdings in Invesco QQQ were worth $12,473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NWI Management LP lifted its stake in shares of Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the last quarter. Senator Investment Group LP bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $679,936,000. Spear Holdings RSC Ltd bought a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $474,600,000. Finally, Asset Planning Services Inc. LA ADV lifted its stake in shares of Invesco QQQ by 100,517.9% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after acquiring an additional 931,801 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $1.25 on Friday, reaching $554.20. 39,558,757 shares of the company's stock were exchanged, compared to its average volume of 39,419,891. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $557.63. The company's fifty day simple moving average is $527.06 and its 200 day simple moving average is $505.74.

Invesco QQQ Cuts Dividend

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