Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Oxler Private Wealth LLC

Key Points

• Oxler Private Wealth LLC increased its stake in Invesco QQQ by 1.1% during the 1st quarter, making it the fund's largest holding with a total value of $31.55 million.
• Other institutional investors, including AWM Capital LLC and Purkiss Capital Advisors LLC, also expanded their positions in Invesco QQQ during the same quarter, reflecting a growing interest among hedge funds.
• Invesco QQQ's stock recently experienced a 0.2% increase, and its quarterly dividend was announced at $0.5911, set to be paid on July 31st.

Oxler Private Wealth LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 67,281 shares of the exchange traded fund's stock after purchasing an additional 709 shares during the period. Invesco QQQ comprises approximately 11.1% of Oxler Private Wealth LLC's portfolio, making the stock its largest position. Oxler Private Wealth LLC's holdings in Invesco QQQ were worth $31,550,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in QQQ. NWI Management LP raised its position in 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 in the last quarter. GAMMA Investing LLC lifted its stake in Invesco QQQ by 55,795.2% in the first 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 acquired a new position in Invesco QQQ during the 4th quarter worth approximately $679,936,000. Spear Holdings RSC Ltd purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $474,600,000. Finally, Asset Planning Services Inc. LA ADV raised its holdings in shares of Invesco QQQ by 100,517.9% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock valued at $437,375,000 after purchasing an additional 931,801 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded down $0.90 during trading hours on Thursday, hitting $567.12. The company's stock had a trading volume of 41,708,839 shares, compared to its average volume of 44,606,402. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $574.63. The stock has a fifty day moving average of $542.10 and a 200-day moving average of $509.98.

Invesco QQQ Cuts Dividend

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