SSA Swiss Advisors AG Purchases New Position in Invesco QQQ (NASDAQ:QQQ)

Key Points

• SSA Swiss Advisors AG has acquired 1,698 shares of Invesco QQQ, valued at approximately $796,000, as noted in their recent Form 13F filing with the SEC.
• Several institutional investors have also recently bought shares of Invesco QQQ, enhancing its institutional ownership to 44.58%.
• Invesco QQQ declared a quarterly dividend of $0.5911 per share, with a dividend yield of 0.42%, scheduled for payment on July 31st.

SSA Swiss Advisors AG bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,698 shares of the exchange traded fund's stock, valued at approximately $796,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilkins Miller Wealth Management LLC bought a new position in Invesco QQQ during the fourth quarter valued at about $1,018,000. Grant Private Wealth Management Inc acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $815,000. Gemsstock Ltd. boosted its holdings in shares of Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after acquiring an additional 213,400 shares in the last quarter. Tandem Investment Partners LLC bought a new position in Invesco QQQ in the 4th quarter worth approximately $4,623,000. Finally, Wescott Financial Advisory Group LLC raised its position in shares of Invesco QQQ by 1.8% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock valued at $75,071,000 after acquiring an additional 2,600 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ traded down $11.13 on Friday, reaching $553.88. The company had a trading volume of 69,249,870 shares, compared to its average volume of 44,967,387. The company's fifty day moving average is $543.12 and its 200-day moving average is $510.39. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $574.63.

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 dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend 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.