Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its holdings in Invesco QQQ by 3.9%, now owning 31,115 shares valued at approximately $14.59 million.
• Multiple other institutional investors, including Bridge Generations Wealth Management and Marshall & Sterling Wealth Advisors, have also initiated new stakes in Invesco QQQ, reflecting growing interest, with 44.58% of the stock now owned by institutional investors.
• Invesco QQQ recently declared a quarterly dividend of $0.5911, yielding 0.4%, marking a significant aspect of its shareholder returns.

Natixis Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,115 shares of the exchange traded fund's stock after purchasing an additional 1,176 shares during the period. Natixis Advisors LLC's holdings in Invesco QQQ were worth $14,590,000 as of its most recent SEC filing.

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

Invesco QQQ Trading Down 2.0%

QQQ stock opened at $553.88 on Monday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $574.63. The firm has a fifty day moving average price of $544.01 and a two-hundred day moving average price of $510.67.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a 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.

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