Invesco QQQ $QQQ Shares Bought by Compound Planning Inc.

Key Points

• Compound Planning Inc. significantly increased its stake in Invesco QQQ by 406.3%, owning 31,224 shares worth approximately $14.6 million after purchasing an additional 25,057 shares.
• Several other institutional investors, including Eagle Capital Management and Price T Rowe Associates, also raised their positions in Invesco QQQ, highlighting a trend of increased institutional investment in this exchange traded fund.
• Invesco QQQ announced a quarterly dividend of $0.5911, which translates to an annualized amount of $2.36 and a yield of 0.4% as of the recent ex-dividend date.

Compound Planning Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 406.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,224 shares of the exchange traded fund's stock after purchasing an additional 25,057 shares during the period. Compound Planning Inc.'s holdings in Invesco QQQ were worth $14,641,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of QQQ. Eagle Capital Management LLC raised its position in shares of Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after purchasing an additional 185 shares during the last quarter. Brighton Jones LLC raised its position in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after acquiring an additional 176 shares during the period. First Trust Advisors LP purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $610,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Invesco QQQ by 34.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock worth $1,124,614,000 after acquiring an additional 568,120 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.5%

QQQ stock opened at $563.28 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32. The company has a 50 day moving average price of $557.02 and a two-hundred day moving average price of $515.49.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a $0.5911 dividend. 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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