Regatta Capital Group LLC Boosts Holdings in Invesco QQQ $QQQ

Key Points

• Regatta Capital Group LLC increased its stake in Invesco QQQ by 234.8%, owning 5,933 shares valued at approximately $3.27 million as of the latest filing.
• Several large investors, including Sendero Wealth Management LLC and Jackson Wealth Management LLC, also modified their positions in Invesco QQQ during the 1st quarter.
• Invesco QQQ recently declared a quarterly dividend of $0.694 per share, an increase from its previous dividend of $0.59, with a dividend yield of 0.5%.

Regatta Capital Group LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 234.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,933 shares of the exchange traded fund's stock after purchasing an additional 4,161 shares during the quarter. Regatta Capital Group LLC's holdings in Invesco QQQ were worth $3,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Sendero Wealth Management LLC purchased a new position in Invesco QQQ in the 1st quarter worth about $273,000. GSG Advisors LLC raised its position in Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after buying an additional 585 shares during the last quarter. Amundi raised its position in Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock worth $49,980,000 after buying an additional 6,600 shares during the last quarter. Orser Capital Management LLC purchased a new position in Invesco QQQ in the 1st quarter worth about $566,000. Finally, Jackson Wealth Management LLC raised its position in Invesco QQQ by 8.6% in the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock worth $9,428,000 after buying an additional 1,586 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $596.10 on Thursday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $602.87. The business has a 50-day simple moving average of $574.71 and a two-hundred day simple moving average of $525.78.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59.

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.

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