671 Shares in Invesco QQQ $QQQ Purchased by Permanens Capital L.P.

Key Points

• Permanens Capital L.P. has initiated a position in Invesco QQQ, purchasing 671 shares valued at approximately $315,000.
• Goldman Sachs Group Inc. significantly increased its stake in Invesco QQQ by 959.6%, now owning over 24 million shares worth over $11 billion.
• Invesco QQQ recently announced a quarterly dividend of $0.5911 per share, resulting in an annualized dividend yield of 0.4%.

Permanens Capital L.P. acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 671 shares of the exchange traded fund's stock, valued at approximately $315,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the first quarter valued at $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the first quarter valued at $51,000. Blume Capital Management Inc. increased its holdings in shares of 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 acquiring an additional 2,536 shares in the last quarter. Atlantic Private Wealth LLC increased its holdings in shares of 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 valued at $58,000 after acquiring an additional 120 shares in the last quarter. Finally, Putney Financial Group LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at $67,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $0.83 on Friday, hitting $576.06. 68,270,403 shares of the company traded hands, compared to its average volume of 45,683,576. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32. The stock has a 50 day simple moving average of $565.25 and a 200-day simple moving average of $518.33.

Invesco QQQ Cuts Dividend

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

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.