Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lifted by Maxi Investments CY Ltd

Key Points

• Maxi Investments CY Ltd increased its holdings in Invesco QQQ by 10.0%, acquiring an additional 8,493 shares and making it the firm's largest stock position valued at approximately $43.97 million.
• Several other institutional investors, including Bridge Generations Wealth Management and Alpine Bank Wealth Management, acquired new stakes in Invesco QQQ, indicating increased interest, with 44.58% of the stock now held by hedge funds and other institutional investors.
• Invesco QQQ currently has a stock performance range of $402.39 (1-year low) to $574.63 (1-year high), with a recent quarterly dividend yield of 0.4%.

Maxi Investments CY Ltd lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,767 shares of the exchange traded fund's stock after acquiring an additional 8,493 shares during the period. Invesco QQQ comprises approximately 8.7% of Maxi Investments CY Ltd's holdings, making the stock its largest position. Maxi Investments CY Ltd's holdings in Invesco QQQ were worth $43,969,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in QQQ. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the first quarter valued at approximately $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ in the fourth quarter valued at approximately $57,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $564.10 on Tuesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $574.63. The firm has a fifty day simple moving average of $545.11 and a 200-day simple moving average of $510.97.

Invesco QQQ Cuts Dividend

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

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