Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC increased its stakes in Invesco QQQ by 24.6% during the first quarter, now holding 24,662 shares valued at $11,565,000.
• Other institutional investors have also adjusted their positions, with Legacy Investment Solutions LLC raising its holdings by 8.2% in the fourth quarter, further indicating growing interest in the ETF.
• The most recent quarterly dividend was paid on July 31, amounting to $0.5911 per share, translating to an annualized yield of 0.4%.

Headlands Technologies LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,662 shares of the exchange traded fund's stock after acquiring an additional 4,871 shares during the quarter. Invesco QQQ accounts for about 1.3% of Headlands Technologies LLC's portfolio, making the stock its 9th largest position. Headlands Technologies LLC's holdings in Invesco QQQ were worth $11,565,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of QQQ. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ during the 4th quarter worth about $36,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $57,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock traded up $1.92 during trading on Thursday, hitting $569.24. 44,049,632 shares of the company's stock were exchanged, compared to its average volume of 44,292,076. The business has a 50-day moving average price of $547.85 and a two-hundred day moving average price of $512.02. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $574.63.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

Invesco QQQ 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.