Edmond DE Rothschild Holding S.A. Grows Stock Position in Invesco QQQ $QQQ

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Invesco QQQ by 7.8%, owning a total of 149,557 shares worth approximately $70.13 million.
• Institutional investors collectively hold 44.58% of Invesco QQQ, with multiple firms indicating adjustments to their positions, potentially enhancing market interest in the ETF.
• Invesco QQQ's stock price recently opened at $570.07, showing a year-to-date range between a low of $402.39 and a high of $583.32.

Edmond DE Rothschild Holding S.A. boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,557 shares of the exchange traded fund's stock after buying an additional 10,779 shares during the quarter. Invesco QQQ makes up approximately 1.2% of Edmond DE Rothschild Holding S.A.'s portfolio, making the stock its 15th largest holding. Edmond DE Rothschild Holding S.A.'s holdings in Invesco QQQ were worth $70,130,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Clark Capital Management Group Inc. lifted its stake in Invesco QQQ by 7.8% in the 1st quarter. Clark Capital Management Group Inc. now owns 3,880 shares of the exchange traded fund's stock valued at $1,819,000 after buying an additional 282 shares in the last quarter. Concentric Capital Strategies LP lifted its stake in Invesco QQQ by 111.1% in the 1st quarter. Concentric Capital Strategies LP now owns 12,199 shares of the exchange traded fund's stock valued at $5,720,000 after buying an additional 122,199 shares in the last quarter. Brandywine Trust Co. purchased a new position in Invesco QQQ in the 1st quarter valued at about $323,000. Banque Transatlantique SA lifted its stake in Invesco QQQ by 6,488.3% in the 1st quarter. Banque Transatlantique SA now owns 7,313 shares of the exchange traded fund's stock valued at $3,169,000 after buying an additional 7,202 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Invesco QQQ by 27.5% in the 1st quarter. AQR Capital Management LLC now owns 110,727 shares of the exchange traded fund's stock valued at $51,922,000 after buying an additional 23,895 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.1%

Invesco QQQ stock traded up $0.83 during midday trading on Friday, reaching $576.06. The company had a trading volume of 68,270,403 shares, compared to its average volume of 44,029,224. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32. The firm's fifty day simple moving average is $565.25 and its 200-day simple moving average is $518.60.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis 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.