Invesco QQQ $QQQ Stock Position Decreased by 111 Capital

Key Points

• 111 Capital has decreased its stake in Invesco QQQ by 51.9% during the second quarter, leaving it with 24,014 shares valued at approximately $13.25 million.
• Invesco QQQ has also announced a quarterly dividend of $0.694, an increase from the previous dividend, representing an annual yield of 0.5%.
• Other institutional investors have been actively adjusting their positions, with Brighton Jones LLC and others increasing their stakes in Invesco QQQ in the latest quarters.

111 Capital reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 51.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,014 shares of the exchange traded fund's stock after selling 25,931 shares during the period. Invesco QQQ accounts for 2.3% of 111 Capital's portfolio, making the stock its 6th biggest holding. 111 Capital's holdings in Invesco QQQ were worth $13,247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in QQQ. Brighton Jones LLC lifted its position in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Invesco QQQ by 3.5% during 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 buying an additional 176 shares in the last quarter. Wealth Group Ltd. lifted its position in shares of Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund's stock valued at $3,010,000 after buying an additional 4,835 shares in the last quarter. Intellectus Partners LLC lifted its position in shares of Invesco QQQ by 16.4% during the 1st quarter. Intellectus Partners LLC now owns 1,857 shares of the exchange traded fund's stock valued at $872,000 after buying an additional 262 shares in the last quarter. Finally, Ehrlich Financial Group lifted its position in shares of Invesco QQQ by 57.1% during the 1st quarter. Ehrlich Financial Group now owns 2,767 shares of the exchange traded fund's stock valued at $1,298,000 after buying an additional 1,006 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.4%

QQQ stock opened at $603.18 on Friday. The business's 50-day moving average price is $579.85 and its 200-day moving average price is $532.17. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $607.33.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59.

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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