53,180 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 53,180 shares of the exchange traded fund's stock, valued at approximately $24,937,000.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQ. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $36,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the first quarter valued at $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ during the 4th quarter worth about $57,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $4.19 during trading hours on Monday, hitting $552.03. 45,126,311 shares of the company traded hands, compared to its average volume of 39,298,673. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $557.20. The business's 50-day moving average is $519.53 and its 200-day moving average is $504.60.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.

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.