Invesco QQQ $QQQ Shares Purchased by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management Co. increased its stake in Invesco QQQ by 5.4% during the first quarter, now holding 42,877 shares worth approximately $20.1 million.
• Multiple large investors, including Betterment LLC and Retirement Planning Co of New England Inc., also significantly increased their holdings in Invesco QQQ during the same period.
• Invesco QQQ recently announced a quarterly dividend of $0.5911 per share, with a yield of 0.4%, reflecting its ongoing engagement with investors despite market fluctuations.

Flputnam Investment Management Co. increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,877 shares of the exchange traded fund's stock after buying an additional 2,202 shares during the quarter. Flputnam Investment Management Co.'s holdings in Invesco QQQ were worth $20,106,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Betterment LLC increased its holdings in Invesco QQQ by 17.5% during the 1st quarter. Betterment LLC now owns 83,943 shares of the exchange traded fund's stock worth $39,363,000 after purchasing an additional 12,484 shares during the last quarter. Retirement Planning Co of New England Inc. grew its holdings in shares of Invesco QQQ by 40.4% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 17,241 shares of the exchange traded fund's stock worth $8,085,000 after acquiring an additional 4,958 shares during the last quarter. Weitzel Financial Services Inc. grew its holdings in shares of Invesco QQQ by 50.5% in the 1st quarter. Weitzel Financial Services Inc. now owns 16,591 shares of the exchange traded fund's stock worth $7,478,000 after acquiring an additional 5,569 shares during the last quarter. MAI Capital Management grew its holdings in shares of Invesco QQQ by 3.0% during the first quarter. MAI Capital Management now owns 340,727 shares of the exchange traded fund's stock valued at $159,774,000 after buying an additional 10,052 shares in the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. raised its position in shares of Invesco QQQ by 49.6% in the first quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 10,375 shares of the exchange traded fund's stock valued at $4,865,000 after purchasing an additional 3,441 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $570.40 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32. The company's 50 day moving average is $562.24 and its 200-day moving average is $517.30.

Invesco QQQ Cuts Dividend

The business 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 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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