Sepio Capital LP Has $4.16 Million Stock Position in Invesco QQQ $QQQ

Key Points

• Sepio Capital LP increased its holdings in Invesco QQQ by 20.6%, owning a total of 8,863 shares valued at approximately $4.16 million after purchasing an additional 1,513 shares.
• Goldman Sachs Group Inc. significantly expanded its stake in Invesco QQQ by 959.6%, acquiring over 24 million shares worth approximately $11.3 billion.
• The recently announced quarterly dividend for Invesco QQQ is $0.5911, resulting in an annualized dividend yield of 0.4%.

Sepio Capital LP boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,863 shares of the exchange traded fund's stock after buying an additional 1,513 shares during the quarter. Sepio Capital LP's holdings in Invesco QQQ were worth $4,156,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ in the 1st quarter worth about $51,000. Blume Capital Management Inc. increased its stake in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after purchasing an additional 2,536 shares in the last quarter. Atlantic Private Wealth LLC increased its stake in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 120 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $67,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ stock traded up $1.64 during mid-day trading on Tuesday, reaching $580.51. 43,715,098 shares of the stock traded hands, compared to its average volume of 45,277,742. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $583.32. The stock's fifty day moving average is $565.79 and its 200-day moving average is $518.70.

Invesco QQQ Cuts Dividend

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

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.