Ewing Morris & Co. Investment Partners Ltd. Acquires 3,441 Shares of Invesco QQQ $QQQ

Key Points

• Ewing Morris & Co. Investment Partners Ltd. increased its stake in Invesco QQQ by 49.6%, owning 10,375 shares valued at approximately $4.87 million, making it the firm's 17th largest position.
• Institutional investors and hedge funds own 44.58% of Invesco QQQ, with various firms like Eagle Capital Management and AQR Capital Management also boosting their holdings recently.
• The latest dividend declared for Invesco QQQ was $0.5911 per share, resulting in an annualized yield of 0.4%.

Ewing Morris & Co. Investment Partners Ltd. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 49.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,375 shares of the exchange traded fund's stock after acquiring an additional 3,441 shares during the period. Invesco QQQ accounts for about 1.9% of Ewing Morris & Co. Investment Partners Ltd.'s portfolio, making the stock its 17th biggest position. Ewing Morris & Co. Investment Partners Ltd.'s holdings in Invesco QQQ were worth $4,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. Eagle Capital Management LLC increased its stake in shares of Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after purchasing an additional 185 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after purchasing an additional 176 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Invesco QQQ in the 4th quarter valued at $610,000. Finally, AQR Capital Management LLC increased its holdings in shares of Invesco QQQ by 122.6% during the fourth quarter. AQR Capital Management LLC now owns 86,832 shares of the exchange traded fund's stock worth $44,391,000 after buying an additional 47,821 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.8%

QQQ stock traded down $4.78 during midday trading on Tuesday, reaching $565.62. 65,506,663 shares of the stock were exchanged, compared to its average volume of 42,395,224. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32. The company has a fifty day moving average price of $563.01 and a 200 day moving average price of $517.40.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date 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.