J. Safra Sarasin Holding AG Boosts Position in Invesco QQQ $QQQ

Key Points

• J. Safra Sarasin Holding AG has increased its holdings in Invesco QQQ by 117.4% in the second quarter, owning 15,412 shares valued at $8,488,000.
• The recent quarterly dividend has been increased to $0.694 per share, up from the previous $0.59, with an annualized yield of 0.5%.
• Invesco QQQ is currently trading at $605.73, with a 12-month range of $402.39 to $607.16.

J. Safra Sarasin Holding AG grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 117.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,412 shares of the exchange traded fund's stock after buying an additional 8,324 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Invesco QQQ were worth $8,488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Invesco QQQ by 15.0% in the fourth 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 in the last quarter. Revolve Wealth Partners LLC increased its position in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after buying an additional 176 shares in the last quarter. Apella Capital LLC raised its stake in Invesco QQQ by 7.1% in the 1st quarter. Apella Capital LLC now owns 4,074 shares of the exchange traded fund's stock valued at $1,898,000 after purchasing an additional 269 shares during the last quarter. Sendero Wealth Management LLC acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $273,000. Finally, Portside Wealth Group LLC raised its holdings in Invesco QQQ by 18.9% in the 1st quarter. Portside Wealth Group LLC now owns 1,695 shares of the exchange traded fund's stock valued at $867,000 after acquiring an additional 269 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $605.73 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $607.16. The stock's 50-day moving average price is $579.12 and its two-hundred day moving average price is $530.93.

Invesco QQQ Increases Dividend

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

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.

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