Penserra Capital Management LLC Invests $24.94 Million in Invesco QQQ (NASDAQ:QQQ)

Penserra Capital Management LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 53,180 shares of the exchange traded fund’s stock, valued at approximately $24,937,000.

Several other large investors have also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ during the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ in the first quarter valued at approximately $51,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $57,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.9%

Shares of NASDAQ QQQ opened at $555.88 on Friday. The stock has a 50 day moving average price of $519.53 and a 200 day moving average price of $504.67. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $557.20.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.

Invesco QQQ 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.