Y Intercept Hong Kong Ltd Purchases 1,354 Shares of Invesco QQQ (NASDAQ:QQQ)

Y Intercept Hong Kong Ltd raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 121.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,465 shares of the exchange traded fund's stock after acquiring an additional 1,354 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Invesco QQQ were worth $1,156,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Prevail Innovative Wealth Advisors LLC raised its holdings in Invesco QQQ by 4.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after buying an additional 20 shares during the period. Legacy Investment Solutions LLC increased its holdings in Invesco QQQ by 8.2% in the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after buying an additional 20 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in Invesco QQQ by 0.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after buying an additional 20 shares during the last quarter. Willis Johnson & Associates Inc. increased its holdings in Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after buying an additional 21 shares during the last quarter. Finally, MTM Investment Management LLC boosted its position in Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after purchasing an additional 21 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.2%

Invesco QQQ stock traded up $1.33 during trading hours on Monday, reaching $567.70. 10,517,094 shares of the company were exchanged, compared to its average volume of 44,506,879. The stock has a 50-day moving average of $539.14 and a 200 day moving average of $508.75. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $569.04.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.42%.

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.