Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Sierra Summit Advisors LLC

Key Points

• Sierra Summit Advisors LLC increased its holdings in Invesco QQQ by 10.8% during the first quarter, owning a total of 5,599 shares valued at $2,625,000.
• Other institutional investors, including Eagle Capital Management LLC and Brighton Jones LLC, also boosted their positions in Invesco QQQ during the fourth quarter.
• The company recently announced a quarterly dividend of $0.5911 per share, yielding 0.4% annually.

Sierra Summit Advisors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,599 shares of the exchange traded fund's stock after buying an additional 545 shares during the period. Sierra Summit Advisors LLC's holdings in Invesco QQQ were worth $2,625,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of QQQ. Eagle Capital Management LLC lifted its position in Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after purchasing an additional 185 shares during the last quarter. Brighton Jones LLC lifted its position in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after purchasing an additional 176 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Invesco QQQ by 25.0% in the 4th quarter. Russell Investments Group Ltd. now owns 2,869 shares of the exchange traded fund's stock valued at $1,467,000 after purchasing an additional 573 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Invesco QQQ by 2.3% in the 4th quarter. Bessemer Group Inc. now owns 57,063 shares of the exchange traded fund's stock valued at $29,172,000 after purchasing an additional 1,277 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.9%

Shares of NASDAQ:QQQ opened at $574.55 on Friday. The company's 50-day moving average price is $549.00 and its 200 day moving average price is $512.37. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $574.77.

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 dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.

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