Invesco QQQ $QQQ Shares Acquired by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its holdings in Invesco QQQ by 11.3% during the first quarter, acquiring a total of 436,136 shares valued at approximately $204.58 million.
• A significant portion, 44.58%, of Invesco QQQ's stock is currently owned by institutional investors and hedge funds, indicating robust interest among large investors.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, which annualizes to $2.36, reflecting a dividend yield of 0.4%.

Focus Partners Wealth grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 436,136 shares of the exchange traded fund's stock after purchasing an additional 44,318 shares during the quarter. Focus Partners Wealth owned approximately 0.07% of Invesco QQQ worth $204,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the 1st quarter valued at $51,000. Blume Capital Management Inc. grew its position in shares of Invesco QQQ by 105.0% in the 1st 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 during the last quarter. Atlantic Private Wealth LLC grew its position in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after buying an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at $67,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.3%

NASDAQ QQQ opened at $580.51 on Wednesday. The firm's fifty day moving average price is $566.46 and its 200 day moving average price is $519.13. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32.

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 given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend 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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.