Invesco QQQ $QQQ is Eagle Capital Management LLC's 4th Largest Position

Key Points

• Eagle Capital Management LLC has reduced its position in Invesco QQQ by 36.6%, now holding 34,496 shares, which constitutes around 8.4% of its total holdings.
• Invesco QQQ has recently increased its quarterly dividend from $0.59 to $0.694 per share, representing a yield of 0.5%.
• Shares of Invesco QQQ opened at $603.25, with a one-year range of $402.39 to $603.79.

Eagle Capital Management LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 36.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,496 shares of the exchange traded fund's stock after selling 19,903 shares during the quarter. Invesco QQQ comprises approximately 8.4% of Eagle Capital Management LLC's holdings, making the stock its 4th biggest position. Eagle Capital Management LLC's holdings in Invesco QQQ were worth $19,029,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Sendero Wealth Management LLC purchased a new position in Invesco QQQ in the 1st quarter worth approximately $273,000. GSG Advisors LLC lifted its holdings in Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after purchasing an additional 585 shares in the last quarter. Amundi lifted its holdings in Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock worth $49,980,000 after purchasing an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC lifted its holdings in Invesco QQQ by 8.6% in the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock worth $9,428,000 after purchasing an additional 1,586 shares in the last quarter. Finally, Greykasell Wealth Strategies Inc. raised its holdings in shares of Invesco QQQ by 8.4% during the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock worth $3,649,000 after acquiring an additional 605 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.5%

Shares of QQQ opened at $603.25 on Thursday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $603.79. The business's 50 day simple moving average is $578.30 and its 200-day simple moving average is $530.08.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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.

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