J.Safra Asset Management Corp grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 355,919 shares of the exchange traded fund's stock after acquiring an additional 12,270 shares during the period. Invesco QQQ comprises about 14.1% of J.Safra Asset Management Corp's portfolio, making the stock its largest holding. J.Safra Asset Management Corp owned 0.06% of Invesco QQQ worth $195,076,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of QQQ. Brighton Jones LLC lifted its holdings in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Wealth Group Ltd. lifted its holdings in shares of Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund's stock valued at $3,010,000 after purchasing an additional 4,835 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Invesco QQQ by 19.2% in the first quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund's stock valued at $1,872,000 after purchasing an additional 643 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 69.6% in the first quarter. Cyndeo Wealth Partners LLC now owns 5,695 shares of the exchange traded fund's stock valued at $2,670,000 after purchasing an additional 2,338 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
QQQ opened at $598.00 on Wednesday. The stock has a fifty day moving average of $585.40 and a 200-day moving average of $538.03. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18.
Invesco QQQ Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a $0.694 dividend. 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 dividend on an annualized basis and a dividend yield of 0.5%.
About Invesco QQQ
(
Free Report)
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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