Quantbot Technologies LP Invests $705,000 in Invesco QQQ $QQQ

Key Points

• Quantbot Technologies LP has acquired 1,503 shares of Invesco QQQ, valued at about $705,000, as reported in their 13F filing with the SEC.
• Other institutional investors, such as Marshall & Sterling Wealth Advisors and Alpine Bank Wealth Management, have also made new investments in Invesco QQQ recently, indicating increased institutional interest in the fund.
• Invesco QQQ's stock is currently trading at $570.32, with a recent annual dividend yield of 0.4% after a quarterly payment of $0.5911 per share.

Quantbot Technologies LP acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,503 shares of the exchange traded fund's stock, valued at approximately $705,000.

Other large investors also recently made changes to their positions in the company. Eagle Capital Management LLC boosted its stake in Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after purchasing an additional 185 shares during the last quarter. Brighton Jones LLC boosted its stake in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Invesco QQQ by 3.5% during 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 purchasing an additional 176 shares during the last quarter. First Trust Advisors LP acquired a new position in Invesco QQQ during the 4th quarter valued at about $610,000. Finally, Johnson Financial Group Inc. boosted its stake in Invesco QQQ by 50.3% during the 4th quarter. Johnson Financial Group Inc. now owns 2,732 shares of the exchange traded fund's stock valued at $1,427,000 after purchasing an additional 914 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock traded up $0.02 during mid-day trading on Wednesday, reaching $572.63. 26,736,169 shares of the company traded hands, compared to its average volume of 44,801,758. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32. The firm's 50 day moving average price is $559.52 and its 200 day moving average price is $516.36.

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 paid a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis 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.