Saiph Capital LLC Acquires 1,101 Shares of Invesco QQQ $QQQ

Saiph Capital LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 42.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,711 shares of the exchange traded fund’s stock after purchasing an additional 1,101 shares during the period. Invesco QQQ comprises approximately 0.7% of Saiph Capital LLC’s investment portfolio, making the stock its 22nd biggest holding. Saiph Capital LLC’s holdings in Invesco QQQ were worth $2,047,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in QQQ. Compass Financial Services Inc increased its stake in Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after buying an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. grew its holdings in shares of Invesco QQQ by 4.2% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock valued at $271,000 after acquiring an additional 20 shares in the last quarter. Barrett & Company Inc. increased its position in shares of Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 20 shares during the last quarter. waypoint wealth counsel increased its position in shares of Invesco QQQ by 0.6% in the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock valued at $1,964,000 after acquiring an additional 20 shares during the last quarter. Finally, Investment Advisory Group LLC raised its holdings in Invesco QQQ by 0.4% during the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock worth $3,158,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $622.94 on Friday. The stock has a 50 day moving average price of $610.95 and a 200 day moving average price of $575.62. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 22nd.

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.