4,381 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by North Capital Inc.

North Capital Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,381 shares of the exchange traded fund's stock, valued at approximately $2,054,000. Invesco QQQ accounts for 1.9% of North Capital Inc.'s holdings, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. NWI Management LP raised its stake in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after acquiring an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $679,936,000. Asset Planning Services Inc. LA ADV increased its holdings in shares of Invesco QQQ by 100,517.9% in the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock valued at $437,375,000 after purchasing an additional 931,801 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.9%

Shares of QQQ traded up $5.08 during mid-day trading on Friday, hitting $555.88. The company's stock had a trading volume of 26,443,524 shares, compared to its average volume of 39,231,028. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.20. The firm has a 50-day simple moving average of $517.86 and a 200 day simple moving average of $504.61.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is 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.