Invesco QQQ $QQQ is Jacobi Capital Management LLC's 3rd Largest Position

Key Points

• Jacobi Capital Management LLC increased its stake in Invesco QQQ by 1.1%, making it the firm's 3rd largest position, valued at approximately $39.1 million.
• Invesco QQQ's most recent share price was $580.70, with a 12 month high of $583.77 and a low of $402.39.
• The company announced a quarterly dividend of $0.5911 per share, representing an annualized yield of 0.4%.

Jacobi Capital Management LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,454 shares of the exchange traded fund's stock after purchasing an additional 886 shares during the period. Invesco QQQ makes up about 2.9% of Jacobi Capital Management LLC's holdings, making the stock its 3rd largest position. Jacobi Capital Management LLC's holdings in Invesco QQQ were worth $39,133,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the first quarter worth about $51,000. Blume Capital Management Inc. increased its holdings in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after buying an additional 2,536 shares in the last quarter. Atlantic Private Wealth LLC lifted its position in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after acquiring an additional 120 shares during the period. Finally, Putney Financial Group LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $67,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $580.70 on Thursday. The business's 50 day simple moving average is $567.06 and its 200-day simple moving average is $519.55. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.77.

Invesco QQQ Cuts Dividend

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

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