Stevens Capital Partners Takes $435,000 Position in Invesco QQQ $QQQ

Stevens Capital Partners acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 767 shares of the exchange traded fund’s stock, valued at approximately $435,000.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its holdings in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the period. Golden Reserve Retirement LLC purchased a new stake in Invesco QQQ in the first quarter worth about $36,014,000. Cutler Investment Counsel LLC increased its position in Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock worth $710,000 after buying an additional 21 shares in the last quarter. Finally, Eastern Bank raised its stake in shares of Invesco QQQ by 1.9% in the first quarter. Eastern Bank now owns 14,103 shares of the exchange traded fund’s stock worth $6,613,000 after buying an additional 258 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.9%

Shares of NASDAQ:QQQ opened at $614.27 on Thursday. The stock has a 50 day moving average of $608.26 and a 200 day moving average of $571.70. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a dividend of $0.694 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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.