Pachira Investments Inc. Boosts Stake in Invesco QQQ $QQQ

Key Points

• Pachira Investments Inc. increased its stake in Invesco QQQ by 7.4% during the second quarter, bringing its total holdings to 17,420 shares worth approximately $9.61 million.
• Invesco QQQ recently announced a quarterly dividend of $0.5911 per share, which results in an annualized dividend yield of 0.4%.
• The stock's 52-week performance shows a low of $402.39 and a high of $598.14, indicating significant volatility in its trading range.

Pachira Investments Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 17,420 shares of the exchange traded fund's stock after acquiring an additional 1,197 shares during the quarter. Invesco QQQ comprises about 7.3% of Pachira Investments Inc.'s portfolio, making the stock its 3rd biggest holding. Pachira Investments Inc.'s holdings in Invesco QQQ were worth $9,610,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the 1st quarter valued at approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the first quarter valued at approximately $51,000. Blume Capital Management Inc. raised its position in Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Atlantic Private Wealth LLC lifted its stake in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at $67,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.9%

Shares of QQQ opened at $595.32 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $598.14. The business's fifty day moving average is $571.28 and its 200-day moving average is $522.90.

Invesco QQQ Cuts Dividend

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

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.

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