Sicart Associates LLC Acquires New Position in Invesco QQQ $QQQ

Key Points

• Sicart Associates LLC acquired 1,539 shares of Invesco QQQ in the third quarter, valued at approximately $1.09 million.
• Several other institutional investors increased their QQQ holdings, including Vigilare Wealth Management and True Freedom Investing; institutional investors and hedge funds collectively own 44.58% of the fund.
• QQQ recently traded at $690.49, below its 12-month high of $762.86, while its quarterly dividend fell to $0.7514 from $0.8135, implying an annualized yield of about 0.4%.

Sicart Associates LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,539 shares of the exchange traded fund's stock, valued at approximately $1,092,000.

A number of other large investors also recently made changes to their positions in the stock. Strategic Family Wealth Counselors L.L.C. increased its stake in Invesco QQQ by 0.6% in the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,561 shares of the exchange traded fund's stock valued at $5,593,000 after purchasing an additional 47 shares in the last quarter. One Way Holdings LLC grew its position in shares of Invesco QQQ by 21.6% in the 3rd quarter. One Way Holdings LLC now owns 2,063 shares of the exchange traded fund's stock valued at $1,526,000 after purchasing an additional 367 shares during the period. Vigilare Wealth Management grew its position in shares of Invesco QQQ by 206.2% in the 3rd quarter. Vigilare Wealth Management now owns 10,886 shares of the exchange traded fund's stock valued at $8,054,000 after purchasing an additional 7,331 shares during the period. Welch Group LLC increased its stake in Invesco QQQ by 7.2% during the 3rd quarter. Welch Group LLC now owns 4,749 shares of the exchange traded fund's stock worth $3,513,000 after purchasing an additional 317 shares in the last quarter. Finally, True Freedom Investing LLC increased its stake in Invesco QQQ by 173.2% during the 3rd quarter. True Freedom Investing LLC now owns 16,038 shares of the exchange traded fund's stock worth $11,865,000 after purchasing an additional 10,167 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $690.49 on Monday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The firm's 50 day moving average price is $725.00 and its two-hundred day moving average price is $679.01.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were paid a $0.7514 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 21st. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135.

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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