Invesco QQQ $QQQ Shares Purchased by Advisors Capital Management LLC

Key Points

• Advisors Capital Management LLC increased its stake in Invesco QQQ by 33.2%, owning a total of 13,034 shares worth approximately $6.1 million after acquiring an additional 3,252 shares in Q1.
• Other hedge funds also adjusted their positions, with significant increases including Blume Capital Management Inc. (up 105%) and Atlantic Private Wealth LLC (up 3,000%).
• Invesco QQQ recently declared a quarterly dividend of $0.5911, resulting in an annualized dividend of $2.36 and a yield of 0.4%.

Advisors Capital Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 33.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,034 shares of the exchange traded fund's stock after acquiring an additional 3,252 shares during the quarter. Advisors Capital Management LLC's holdings in Invesco QQQ were worth $6,112,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the first quarter valued at approximately $51,000. Blume Capital Management Inc. increased its stake in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Atlantic Private Wealth LLC increased its stake in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after acquiring an additional 120 shares during the period. Finally, Putney Financial Group LLC acquired a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $67,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.6%

NASDAQ QQQ opened at $584.08 on Friday. The company's 50 day simple moving average is $567.63 and its 200 day simple moving average is $519.99. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $584.88.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders 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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