Pallas Capital Advisors LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,523 shares of the exchange traded fund's stock after acquiring an additional 1,339 shares during the period. Pallas Capital Advisors LLC's holdings in Invesco QQQ were worth $8,563,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of QQQ. Compass Financial Services Inc boosted its holdings in shares of Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after buying an additional 19 shares during the period. Willis Johnson & Associates Inc. boosted its holdings in Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after purchasing an additional 21 shares during the period. MTM Investment Management LLC boosted its holdings in Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after purchasing an additional 21 shares during the period. Cutler Investment Counsel LLC boosted its holdings in Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after purchasing an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC boosted its holdings in Invesco QQQ by 1.6% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after purchasing an additional 22 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Price Performance
Shares of Invesco QQQ stock opened at $591.18 on Wednesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $592.86. The firm has a fifty day moving average price of $569.81 and a two-hundred day moving average price of $521.75.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.
Invesco QQQ Profile
(
Free Report)
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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