Invesco QQQ $QQQ Shares Bought by Apella Capital LLC

Key Points

• Apella Capital LLC significantly increased its holdings in Invesco QQQ by 824.1% in the second quarter, owning 37,648 shares valued at approximately $20.8 million.
• Invesco QQQ's shares have fluctuated between a 12-month low of $402.39 and a high of $587.86, currently opening at $586.66.
• The company recently cut its quarterly dividend to $0.5911 per share, resulting in an annualized dividend yield of 0.4%.

Apella Capital LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 824.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,648 shares of the exchange traded fund's stock after purchasing an additional 33,574 shares during the quarter. Apella Capital LLC's holdings in Invesco QQQ were worth $20,783,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. Wilkins Miller Wealth Management LLC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $1,018,000. Sendero Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $273,000. Griffith & Werner Inc. acquired a new stake in Invesco QQQ during the fourth quarter worth $583,000. GSG Advisors LLC lifted its position in Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock valued at $3,600,000 after buying an additional 585 shares during the last quarter. Finally, Amundi raised its position in Invesco QQQ by 6.3% in the first quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock valued at $49,980,000 after purchasing an additional 6,600 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $586.66 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $587.86. The business has a 50-day moving average of $568.24 and a 200 day moving average of $520.68.

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 paid a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

Invesco QQQ Company 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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