Invesco QQQ $QQQ Shares Bought by WBI Investments LLC

Key Points

• WBI Investments LLC increased its holdings in Invesco QQQ by 111.3% in Q1, making it the fund's 6th largest holding valued at approximately $8.1 million.
• Other institutional investors, including Alpine Bank Wealth Management and Blume Capital Management, also made new investments or increased their stakes in Invesco QQQ during the same quarter.
• Invesco QQQ's share price was $582.97, with a 12-month price range between $402.39 and $583.77.

WBI Investments LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 111.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,310 shares of the exchange traded fund's stock after acquiring an additional 9,116 shares during the quarter. Invesco QQQ accounts for about 2.1% of WBI Investments LLC's portfolio, making the stock its 6th biggest holding. WBI Investments LLC's holdings in Invesco QQQ were worth $8,117,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at about $51,000. Blume Capital Management Inc. raised its holdings in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after buying an additional 2,536 shares during the period. Atlantic Private Wealth LLC raised its holdings in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after buying an additional 120 shares during the period. Finally, Putney Financial Group LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $67,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $2.46 on Wednesday, hitting $582.97. 7,638,336 shares of the company were exchanged, compared to its average volume of 45,034,012. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.77. The company's 50 day moving average price is $566.46 and its 200-day moving average price is $519.13.

Invesco QQQ Cuts Dividend

The company 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 dividend 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.

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