Invesco QQQ $QQQ Shares Bought by Signature Estate & Investment Advisors LLC

Key Points

• Signature Estate & Investment Advisors LLC increased its stake in Invesco QQQ by 2.6%, acquiring an additional 731 shares in the first quarter, bringing its total to 28,368 shares valued at approximately $13.3 million.
• Several institutional investors have also shown interest in Invesco QQQ, with new stakes and increases in holdings reported, raising overall institutional ownership to 44.58%.
• The current stock price of Invesco QQQ is $576.06, with a 52-week range between $402.39 and $583.32, indicating significant fluctuations over the past year.

Signature Estate & Investment Advisors LLC increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,368 shares of the exchange traded fund's stock after buying an additional 731 shares during the period. Signature Estate & Investment Advisors LLC's holdings in Invesco QQQ were worth $13,302,000 as of its most recent SEC filing.

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

Invesco QQQ Price Performance

Shares of QQQ stock traded up $1.64 on Tuesday, hitting $580.51. The stock had a trading volume of 43,715,098 shares, compared to its average volume of 46,346,500. The stock's 50 day moving average is $566.46 and its 200-day moving average is $519.13. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $583.32.

Invesco QQQ Cuts Dividend

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

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.