Optima Capital LLC Boosts Position in Invesco QQQ $QQQ

Key Points

• Optima Capital LLC increased its stake in Invesco QQQ by 23.4% in the second quarter, owning a total of 4,797 shares valued at $2.6 million, making QQQ its 18th largest holding.
• The dividend announced by Invesco QQQ will be paid on October 31st, with a new quarterly rate of $0.694, up from the previous $0.59, representing a yield of 0.5%.
• Invesco QQQ shares recently opened at $602.20, with a 1-year high of $602.87 and a low of $402.39, indicating significant volatility over the past year.

Optima Capital LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 23.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,797 shares of the exchange traded fund's stock after buying an additional 909 shares during the quarter. Invesco QQQ accounts for about 1.4% of Optima Capital LLC's portfolio, making the stock its 18th largest holding. Optima Capital LLC's holdings in Invesco QQQ were worth $2,648,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sendero Wealth Management LLC purchased a new position in Invesco QQQ during the first quarter valued at approximately $273,000. GSG Advisors LLC raised its position in Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock valued at $3,600,000 after acquiring an additional 585 shares in the last quarter. Amundi increased its holdings in shares of Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock valued at $49,980,000 after purchasing an additional 6,600 shares in the last quarter. Orser Capital Management LLC purchased a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $566,000. Finally, Jackson Wealth Management LLC increased its holdings in shares of Invesco QQQ by 8.6% during the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock valued at $9,428,000 after purchasing an additional 1,586 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.5%

NASDAQ:QQQ opened at $602.20 on Tuesday. The company has a 50 day moving average price of $573.11 and a 200-day moving average price of $524.79. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $602.87.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 is a positive change 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%.

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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