Invesco QQQ $QQQ Shares Bought by Partners Capital Investment Group LLP

Partners Capital Investment Group LLP lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 121.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,142 shares of the exchange traded fund’s stock after buying an additional 11,026 shares during the quarter. Partners Capital Investment Group LLP’s holdings in Invesco QQQ were worth $9,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Joseph P. Lucia & Associates LLC grew its holdings in Invesco QQQ by 1.3% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 10,136 shares of the exchange traded fund’s stock worth $4,753,000 after acquiring an additional 134 shares in the last quarter. TFB Advisors LLC grew its stake in Invesco QQQ by 12.5% in the first quarter. TFB Advisors LLC now owns 7,743 shares of the exchange traded fund’s stock worth $3,631,000 after purchasing an additional 863 shares in the last quarter. Banco BTG Pactual S.A. acquired a new position in Invesco QQQ in the first quarter worth about $2,822,000. GM Advisory Group LLC increased its holdings in Invesco QQQ by 15.0% in the first quarter. GM Advisory Group LLC now owns 2,562 shares of the exchange traded fund’s stock valued at $1,201,000 after buying an additional 334 shares during the last quarter. Finally, GDS Wealth Management raised its stake in Invesco QQQ by 12.2% during the first quarter. GDS Wealth Management now owns 1,286 shares of the exchange traded fund’s stock valued at $603,000 after buying an additional 140 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.6%

Shares of QQQ opened at $565.90 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32. The stock has a 50 day moving average of $556.43 and a 200-day moving average of $515.17.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend 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.