Atalanta Sosnoff Capital LLC Boosts Position in Invesco QQQ $QQQ

Atalanta Sosnoff Capital LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,431 shares of the exchange traded fund’s stock after purchasing an additional 356 shares during the quarter. Atalanta Sosnoff Capital LLC’s holdings in Invesco QQQ were worth $5,360,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ in the first quarter valued at $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ in the first quarter valued at $51,000. Blume Capital Management Inc. increased its stake in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC increased its stake in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new position in Invesco QQQ in the fourth quarter valued at $67,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.8%

Invesco QQQ stock opened at $565.62 on Wednesday. The stock has a fifty day moving average price of $563.53 and a 200 day moving average price of $517.73. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

About Invesco QQQ

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.