Invesco QQQ $QQQ Shares Bought by Cypress Capital Group

Key Points

• Cypress Capital Group increased its stake in Invesco QQQ by 5.0%, owning a total of 22,513 shares worth approximately $12.4 million.
• Invesco QQQ recently announced a quarterly dividend of $0.694 per share, up from its previous quarterly dividend of $0.59, reflecting the company's commitment to returning capital to shareholders.
• As of the latest filings, institutional investors and hedge funds own 44.58% of Invesco QQQ's shares, indicating strong institutional interest in the ETF.

Cypress Capital Group grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,513 shares of the exchange traded fund's stock after purchasing an additional 1,073 shares during the quarter. Invesco QQQ accounts for 1.5% of Cypress Capital Group's investment portfolio, making the stock its 17th biggest position. Cypress Capital Group's holdings in Invesco QQQ were worth $12,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of QQQ. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ in the second quarter worth about $41,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the first quarter worth about $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ in the first quarter worth about $51,000. Blume Capital Management Inc. lifted its stake in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after acquiring an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC lifted its stake in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 2.1%

NASDAQ:QQQ opened at $602.01 on Tuesday. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18. The business's 50-day simple moving average is $584.64 and its 200 day simple moving average is $537.61.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%.

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.

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.