Invesco QQQ $QQQ Shares Acquired by Silverleafe Capital Partners LLC

Key Points

• Silverleafe Capital Partners LLC increased its investment in Invesco QQQ by 17.5% during the second quarter, making it the firm's largest holding with 52,743 shares valued at approximately $29 million.
• Invesco QQQ's stock performance shows a 52-week range from a low of $402.39 to a high of $587.86, with current trading at $586.66.
• The recent quarterly dividend paid was $0.5911 per share, translating to a 0.4% dividend yield on an annualized basis.

Silverleafe Capital Partners LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 52,743 shares of the exchange traded fund's stock after purchasing an additional 7,846 shares during the quarter. Invesco QQQ makes up approximately 10.1% of Silverleafe Capital Partners LLC's investment portfolio, making the stock its largest holding. Silverleafe Capital Partners LLC's holdings in Invesco QQQ were worth $29,095,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $51,000. Blume Capital Management Inc. boosted its holdings in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after buying an additional 2,536 shares in the last quarter. Atlantic Private Wealth LLC boosted its holdings 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 worth $58,000 after buying an additional 120 shares in the last quarter. Finally, Putney Financial Group LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $586.66 on Monday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $587.86. The stock's 50 day moving average price is $568.24 and its two-hundred day moving average price is $520.68.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend 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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