Nuveen LLC Invests $10.32 Million in Invesco QQQ $QQQ

Key Points

• Nuveen LLC acquired a new position in Invesco QQQ, purchasing 22,000 shares valued at approximately $10.3 million.
• Institutional investors now own 44.58% of Invesco QQQ's stock, with multiple firms increasing their holdings during recent quarters.
• Invesco QQQ recently announced a quarterly dividend of $0.5911 per share, reflecting an annualized yield of 0.4%.

Nuveen LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,000 shares of the exchange traded fund's stock, valued at approximately $10,316,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Strengthening Families & Communities LLC boosted its position in Invesco QQQ by 9.5% during the 1st quarter. Strengthening Families & Communities LLC now owns 1,297 shares of the exchange traded fund's stock worth $621,000 after purchasing an additional 113 shares during the period. AFT Forsyth & Company Inc. boosted its position in Invesco QQQ by 1.8% in the 1st quarter. AFT Forsyth & Company Inc. now owns 1,740 shares of the exchange traded fund's stock valued at $816,000 after buying an additional 30 shares during the last quarter. Mizuho Markets Americas LLC boosted its position in Invesco QQQ by 2.8% in the 1st quarter. Mizuho Markets Americas LLC now owns 6,055 shares of the exchange traded fund's stock valued at $2,839,000 after buying an additional 165 shares during the last quarter. Atlas Capital Advisors Inc. boosted its position in Invesco QQQ by 185.5% in the 1st quarter. Atlas Capital Advisors Inc. now owns 2,795 shares of the exchange traded fund's stock valued at $1,311,000 after buying an additional 1,816 shares during the last quarter. Finally, Berger Financial Group Inc boosted its position in Invesco QQQ by 7.4% in the 1st quarter. Berger Financial Group Inc now owns 20,706 shares of the exchange traded fund's stock valued at $9,709,000 after buying an additional 1,432 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded up $8.69 on Friday, reaching $571.97. The stock had a trading volume of 51,413,030 shares, compared to its average volume of 46,061,000. The company has a 50-day moving average of $557.92 and a 200 day moving average of $515.81. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.