Invesco QQQ $QQQ Shares Purchased by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC increased its holdings in Invesco QQQ by 2.9% in the first quarter, owning 67,696 shares worth approximately $31.74 million.
• Invesco QQQ's stock opened at $577.34, with a twelve-month price range of $402.39 to $583.32, reflecting a recent decline of 0.4%.
• The company declared a quarterly dividend of $0.5911, representing an annualized yield of 0.4%.

Aptus Capital Advisors LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,696 shares of the exchange traded fund's stock after purchasing an additional 1,900 shares during the quarter. Aptus Capital Advisors LLC's holdings in Invesco QQQ were worth $31,744,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in QQQ. Laird Norton Wetherby Wealth Management LLC grew its position in shares of Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after acquiring an additional 20 shares during the period. Willis Johnson & Associates Inc. grew its position in shares of Invesco QQQ by 2.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after acquiring an additional 21 shares during the period. MTM Investment Management LLC grew its position in shares of Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after acquiring an additional 21 shares during the period. Cutler Investment Counsel LLC grew its position in shares of Invesco QQQ by 1.4% during the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after acquiring an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC grew its position in shares of Invesco QQQ by 1.6% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after acquiring an additional 22 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.4%

Shares of Invesco QQQ stock opened at $577.34 on Monday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.32. The firm's 50-day moving average price is $554.13 and its 200 day moving average price is $514.06.

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 dividend on an annualized basis and a yield of 0.4%.

Invesco QQQ Company 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.

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