Invesco QQQ (NASDAQ:QQQ) Shares Bought by Passive Capital Management LLC.

Key Points

• Passive Capital Management LLC increased its stake in Invesco QQQ by 31.7%, gaining an additional 824 shares, which now represents its 28th biggest position valued at approximately $1.6 million.
• Several other institutional investors, including Brio Consultants LLC and Richards Merrill & Peterson Inc., have also significantly increased their holdings in Invesco QQQ during the same quarter.
• Invesco QQQ announced a quarterly dividend of $0.5911 per share, with an annualized yield of 0.42%, set to be paid on July 31st.

Passive Capital Management LLC. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 31.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,421 shares of the exchange traded fund's stock after purchasing an additional 824 shares during the period. Invesco QQQ accounts for 0.5% of Passive Capital Management LLC.'s portfolio, making the stock its 28th biggest position. Passive Capital Management LLC.'s holdings in Invesco QQQ were worth $1,604,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Eagle Capital Management LLC increased its holdings in shares of Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares during the period. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after buying an additional 176 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Invesco QQQ by 34.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 14,592 shares of the exchange traded fund's stock valued at $7,460,000 after buying an additional 3,728 shares in the last quarter. Finally, RWA Wealth Partners LLC grew its position in Invesco QQQ by 319.3% in the 4th quarter. RWA Wealth Partners LLC now owns 34,510 shares of the exchange traded fund's stock valued at $17,643,000 after buying an additional 26,280 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ traded down $0.77 on Thursday, reaching $567.26. The company had a trading volume of 33,828,203 shares, compared to its average volume of 44,565,254. The company has a fifty day moving average of $542.10 and a 200-day moving average of $509.98. Invesco QQQ has a one year low of $402.39 and a one year high of $574.63.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%.

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.