Sapient Capital LLC Boosts Position in Invesco QQQ $QQQ

Key Points

• Sapient Capital LLC has increased its stake in Invesco QQQ by 27.6% during the 2nd quarter, bringing its total holdings to 9,280 shares valued at approximately $5.12 million.
• Other institutional investors have also shown increased interest, with notable increases in holdings from firms like Brighton Jones LLC and Westwood Holdings Group Inc., reflecting a growing institutional presence in the ETF.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, translating to an annualized dividend of $2.36 and a yield of 0.4%.

Sapient Capital LLC increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 27.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,280 shares of the exchange traded fund's stock after buying an additional 2,006 shares during the period. Sapient Capital LLC's holdings in Invesco QQQ were worth $5,125,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings 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 worth $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings 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 worth $2,687,000 after acquiring an additional 176 shares in the last quarter. Nuveen Asset Management LLC bought a new position in Invesco QQQ during the 4th quarter worth about $11,247,000. Westwood Holdings Group Inc. grew its holdings in Invesco QQQ by 246.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 38,218 shares of the exchange traded fund's stock worth $19,538,000 after acquiring an additional 27,178 shares in the last quarter. Finally, Vivaldi Capital Management LP grew its holdings in Invesco QQQ by 56.5% during the 4th quarter. Vivaldi Capital Management LP now owns 1,136 shares of the exchange traded fund's stock worth $584,000 after acquiring an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.1%

Shares of Invesco QQQ stock opened at $591.18 on Wednesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $592.86. The firm's 50-day moving average is $569.81 and its two-hundred day moving average is $521.75.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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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