Erste Asset Management GmbH Boosts Position in Invesco QQQ $QQQ

Key Points

• Erste Asset Management GmbH increased its holdings in Invesco QQQ by 19.6%, owning a total of 4,153 shares valued at approximately $1,947,000 at the end of the reporting period.
• Institutional investors currently own 44.58% of Invesco QQQ, with several firms, including Price T Rowe Associates, significantly increasing their stakes in the fund recently.
• Invesco QQQ announced a quarterly dividend of $0.5911 per share, equating to an annualized yield of 0.4%.

Erste Asset Management GmbH increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 19.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,153 shares of the exchange traded fund's stock after buying an additional 680 shares during the quarter. Erste Asset Management GmbH's holdings in Invesco QQQ were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Berkshire Asset Management LLC PA lifted its position in Invesco QQQ by 10.4% in the first quarter. Berkshire Asset Management LLC PA now owns 2,039 shares of the exchange traded fund's stock valued at $996,000 after purchasing an additional 192 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. lifted its position in Invesco QQQ by 286.6% in the first quarter. Nan Shan Life Insurance Co. Ltd. now owns 53,353 shares of the exchange traded fund's stock valued at $25,018,000 after purchasing an additional 39,553 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc lifted its position in Invesco QQQ by 7.2% in the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 1,112 shares of the exchange traded fund's stock valued at $521,000 after purchasing an additional 75 shares during the last quarter. CWS Financial Advisors LLC lifted its position in Invesco QQQ by 0.4% in the first quarter. CWS Financial Advisors LLC now owns 19,094 shares of the exchange traded fund's stock valued at $8,954,000 after purchasing an additional 71 shares during the last quarter. Finally, Colonial Trust Advisors lifted its position in Invesco QQQ by 23.2% in the first quarter. Colonial Trust Advisors now owns 1,072 shares of the exchange traded fund's stock valued at $503,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ stock traded up $8.69 during midday trading 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 52 week low of $402.39 and a 52 week high of $583.32. The stock's 50 day moving average price is $557.92 and its 200 day moving average price is $515.74.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend 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.