Saiph Capital LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 23.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,610 shares of the exchange traded fund's stock after purchasing an additional 502 shares during the quarter. Invesco QQQ comprises approximately 0.5% of Saiph Capital LLC's holdings, making the stock its 23rd biggest holding. Saiph Capital LLC's holdings in Invesco QQQ were worth $1,224,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $36,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter worth $51,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of Invesco QQQ stock traded up $7.20 during trading hours on Tuesday, hitting $580.05. The company's stock had a trading volume of 42,061,779 shares, compared to its average volume of 44,394,500. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $580.35. The business has a fifty day moving average of $551.05 and a 200 day moving average of $512.86.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.
About Invesco QQQ
(
Free Report)
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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