Intellus Advisors LLC Buys 941 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Points

• Intellus Advisors LLC boosted its investment in Invesco QQQ by 0.8%, owning 122,893 shares worth approximately $57.6 million, making it their largest holding.
• Institutional investors own 44.58% of Invesco QQQ, with several firms recently acquiring new positions valued between $35,000 and $57,000.
• Invesco QQQ announced a quarterly dividend of $0.5911, reflecting an annual yield of 0.42% and scheduled for payment on July 31st.

Intellus Advisors LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,893 shares of the exchange traded fund's stock after purchasing an additional 941 shares during the quarter. Invesco QQQ makes up approximately 10.1% of Intellus Advisors LLC's portfolio, making the stock its biggest position. Intellus Advisors LLC's holdings in Invesco QQQ were worth $57,627,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the fourth quarter worth $36,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the first quarter worth $51,000. Finally, Banque Transatlantique SA acquired a new position in Invesco QQQ during the fourth quarter worth $57,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.1%

QQQ stock traded up $0.41 on Tuesday, reaching $568.55. 26,495,196 shares of the company's stock were exchanged, compared to its average volume of 44,528,418. The stock has a fifty day moving average of $540.06 and a 200-day moving average of $509.18. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $572.11.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend 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.