Invesco QQQ $QQQ Shares Acquired by Apella Capital LLC

Apella Capital LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 824.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 37,648 shares of the exchange traded fund’s stock after acquiring an additional 33,574 shares during the period. Apella Capital LLC’s holdings in Invesco QQQ were worth $20,783,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ during the first quarter worth $51,000. Blume Capital Management Inc. increased its position in shares of 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 buying an additional 2,536 shares in the last quarter. Atlantic Private Wealth LLC raised its stake in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth $67,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4%

Invesco QQQ stock opened at $586.66 on Monday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $587.86. The firm’s 50-day simple moving average is $568.24 and its 200 day simple moving average is $520.68.

Invesco QQQ Cuts Dividend

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

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.