Partners Capital Investment Group LLP Has $9.45 Million Stake in Invesco QQQ $QQQ

Key Points

• Partners Capital Investment Group LLP increased its holdings in Invesco QQQ by 121.0%, owning a total of 20,142 shares valued at approximately $9.45 million by the end of the most recent quarter.
• The quarterly dividend for Invesco QQQ was recorded at $0.5911, which translates to an annualized yield of 0.4%.
• 44.58% of Invesco QQQ's stock is owned by hedge funds and other institutional investors, indicating significant institutional backing.

Partners Capital Investment Group LLP increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 121.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,142 shares of the exchange traded fund's stock after purchasing an additional 11,026 shares during the period. Partners Capital Investment Group LLP's holdings in Invesco QQQ were worth $9,445,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock valued at $11,300,023,000 after buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new stake in Invesco QQQ in the first quarter valued at about $2,775,904,000. Ameriprise Financial Inc. raised its position in Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock worth $1,163,036,000 after purchasing an additional 54,944 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Invesco QQQ by 34.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after purchasing an additional 568,120 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.5%

Shares of QQQ stock traded up $8.69 during trading hours on Friday, hitting $571.97. The company had a trading volume of 51,413,030 shares, compared to its average volume of 46,061,000. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32. The firm's fifty day moving average is $557.92 and its 200 day moving average is $515.81.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.