Veery Capital LLC Purchases 784 Shares of Invesco QQQ $QQQ

Key Points

• Veery Capital LLC increased its holdings in Invesco QQQ by 26.8% in the 2nd quarter, now owning 3,705 shares valued at approximately $2,044,000.
• Other institutional investors are also boosting their stakes in Invesco QQQ, with notable increases from Brighton Jones LLC and Pathstone Holdings LLC during the fourth quarter.
• Invesco QQQ recently announced a quarterly dividend of $0.5911, resulting in an annualized payout of $2.36 and a dividend yield of 0.4%.

Veery Capital LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 26.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,705 shares of the exchange traded fund's stock after purchasing an additional 784 shares during the period. Invesco QQQ accounts for about 0.7% of Veery Capital LLC's holdings, making the stock its 21st largest holding. Veery Capital LLC's holdings in Invesco QQQ were worth $2,044,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its position in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after acquiring an additional 176 shares in the last quarter. Triumph Capital Management raised its position in shares of Invesco QQQ by 1.8% in the 4th quarter. Triumph Capital Management now owns 8,753 shares of the exchange traded fund's stock worth $4,475,000 after purchasing an additional 154 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Invesco QQQ in the 4th quarter worth about $11,247,000. Finally, Pathstone Holdings LLC grew its position in Invesco QQQ by 118.0% during the 4th quarter. Pathstone Holdings LLC now owns 18,890 shares of the exchange traded fund's stock valued at $9,658,000 after purchasing an additional 124,010 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ traded up $5.02 during trading on Monday, hitting $591.68. 44,232,160 shares of the company's stock traded hands, compared to its average volume of 45,324,832. The company's 50 day simple moving average is $568.24 and its two-hundred day simple moving average is $520.68. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $591.79.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis 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.