Y.D. More Investments Ltd lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,325 shares of the exchange traded fund's stock after selling 4,025 shares during the quarter. Invesco QQQ accounts for about 0.8% of Y.D. More Investments Ltd's holdings, making the stock its 26th biggest holding. Y.D. More Investments Ltd's holdings in Invesco QQQ were worth $9,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Eagle Capital Management LLC increased its holdings in Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after purchasing an additional 185 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Invesco QQQ by 15.0% in 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 during the period. Revolve Wealth Partners LLC raised its holdings in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after buying an additional 176 shares during the period. Russell Investments Group Ltd. lifted its stake in Invesco QQQ by 25.0% during the 4th quarter. Russell Investments Group Ltd. now owns 2,869 shares of the exchange traded fund's stock worth $1,467,000 after acquiring an additional 573 shares in the last quarter. Finally, FMR LLC boosted its holdings in Invesco QQQ by 1.4% during the 4th quarter. FMR LLC now owns 788,926 shares of the exchange traded fund's stock valued at $403,323,000 after acquiring an additional 10,861 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of QQQ stock opened at $567.32 on Thursday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $574.63. The company has a 50 day moving average price of $546.86 and a 200 day moving average price of $511.70.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.
About Invesco QQQ
(
Free Report)
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.
Further Reading
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