Silicon Valley Capital Partners Boosts Stock Holdings in Invesco QQQ $QQQ

Key Points

• Silicon Valley Capital Partners increased its holdings in Invesco QQQ by 0.5%, owning a total of 135,344 shares, which constitutes about 8.3% of its portfolio.
• The recent quarterly dividend declared for Invesco QQQ was $0.5911 per share, resulting in an annualized dividend of $2.36, with a yield of 0.4%.
• Approximately 44.58% of Invesco QQQ's stock is currently owned by institutional investors and hedge funds.

Silicon Valley Capital Partners lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,344 shares of the exchange traded fund's stock after purchasing an additional 727 shares during the quarter. Invesco QQQ accounts for 8.3% of Silicon Valley Capital Partners' portfolio, making the stock its 2nd largest position. Silicon Valley Capital Partners' holdings in Invesco QQQ were worth $63,468,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the first quarter worth $51,000. Blume Capital Management Inc. boosted its position in shares of Invesco QQQ by 105.0% during the first 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 boosted its position in shares of Invesco QQQ by 3,000.0% during the first 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 bought a new position in shares of Invesco QQQ during the fourth quarter worth $67,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.4%

QQQ traded up $2.58 during trading on Friday, hitting $586.66. The company had a trading volume of 50,702,733 shares, compared to its average volume of 46,804,284. Invesco QQQ has a one year low of $402.39 and a one year high of $587.86. The firm's 50-day moving average price is $568.24 and its 200 day moving average price is $520.50.

Invesco QQQ Cuts Dividend

The business also recently disclosed 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 yield of 0.4%. The ex-dividend date of this dividend 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.