Invesco QQQ $QQQ Shares Acquired by Balefire LLC

Key Points

• Balefire LLC has significantly increased its stake in Invesco QQQ by 43.3%, owning a total of 18,754 shares valued at approximately $10 million after acquiring additional shares in the 2nd quarter.
• Invesco QQQ recently paid a quarterly dividend of $0.5911 per share, resulting in an annualized payment amount of $2.36 and a yield of 0.4%.
• Currently, 44.58% of Invesco QQQ's stock is held by hedge funds and other institutional investors, indicating strong institutional interest in the ETF.

Balefire LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 43.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,754 shares of the exchange traded fund's stock after acquiring an additional 5,666 shares during the quarter. Invesco QQQ comprises 2.3% of Balefire LLC's holdings, making the stock its 3rd largest position. Balefire LLC's holdings in Invesco QQQ were worth $10,345,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Compass Financial Services Inc raised its holdings in Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock valued at $2,345,000 after acquiring an additional 19 shares during the last quarter. Willis Johnson & Associates Inc. increased its holdings in shares of Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after purchasing an additional 21 shares during the last quarter. MTM Investment Management LLC increased its holdings in shares of Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after purchasing an additional 21 shares during the last quarter. Cutler Investment Counsel LLC lifted its position in Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock worth $710,000 after buying an additional 21 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC boosted its stake in Invesco QQQ by 1.6% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock worth $707,000 after buying an additional 22 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $591.18 on Wednesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $592.86. The business has a fifty day moving average of $569.81 and a two-hundred day moving average of $521.75.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given 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 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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