Mission Creek Capital Partners Inc. Buys 1,182 Shares of Invesco QQQ $QQQ

Key Points

• Mission Creek Capital Partners Inc. increased its stake in Invesco QQQ by 11.3%, holding 11,623 shares valued at $5.45 million as of the latest SEC filing.
• Institutional investors collectively own 44.58% of Invesco QQQ, with several funds like Monterey Private Wealth Inc. and Northstar Financial Companies Inc. also boosting their holdings.
• Invesco QQQ's recent quarterly dividend was $0.5911 per share, representing an annualized dividend yield of 0.4%.

Mission Creek Capital Partners Inc. grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 11,623 shares of the exchange traded fund's stock after acquiring an additional 1,182 shares during the period. Invesco QQQ accounts for approximately 1.2% of Mission Creek Capital Partners Inc.'s investment portfolio, making the stock its 23rd biggest position. Mission Creek Capital Partners Inc.'s holdings in Invesco QQQ were worth $5,450,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Monterey Private Wealth Inc. lifted its stake in shares of Invesco QQQ by 2.7% in the 1st quarter. Monterey Private Wealth Inc. now owns 15,025 shares of the exchange traded fund's stock valued at $7,045,000 after acquiring an additional 392 shares during the last quarter. Northstar Financial Companies Inc. raised its position in Invesco QQQ by 7.3% during the 1st quarter. Northstar Financial Companies Inc. now owns 636 shares of the exchange traded fund's stock worth $298,000 after purchasing an additional 43 shares during the last quarter. Okabena Investment Services Inc. raised its position in Invesco QQQ by 13.2% during the 1st quarter. Okabena Investment Services Inc. now owns 3,431 shares of the exchange traded fund's stock worth $1,609,000 after purchasing an additional 400 shares during the last quarter. D L Carlson Investment Group Inc. raised its position in Invesco QQQ by 2.6% during the 1st quarter. D L Carlson Investment Group Inc. now owns 1,324 shares of the exchange traded fund's stock worth $621,000 after purchasing an additional 34 shares during the last quarter. Finally, Truvestments Capital LLC raised its position in Invesco QQQ by 6.3% during the 1st quarter. Truvestments Capital LLC now owns 38,297 shares of the exchange traded fund's stock worth $17,958,000 after purchasing an additional 2,283 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 1.2%

NASDAQ:QQQ traded down $6.68 during trading hours on Friday, hitting $570.40. 55,870,652 shares of the company were exchanged, compared to its average volume of 45,447,228. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32. The company has a fifty day simple moving average of $562.24 and a 200 day simple moving average of $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. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

Invesco QQQ 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.