Pilgrim Partners Asia Pte Ltd Takes Position in Invesco QQQ $QQQ

Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 65,200 shares of the exchange traded fund’s stock, valued at approximately $39,144,000. Invesco QQQ comprises about 17.4% of Pilgrim Partners Asia Pte Ltd’s investment portfolio, making the stock its largest position.

Several other institutional investors also recently bought and sold shares of the company. Belpointe Asset Management LLC lifted its position in shares of Invesco QQQ by 11.9% in the third quarter. Belpointe Asset Management LLC now owns 117,833 shares of the exchange traded fund’s stock valued at $70,745,000 after acquiring an additional 12,566 shares in the last quarter. Tandem Financial LLC raised its stake in Invesco QQQ by 66.4% in the 3rd quarter. Tandem Financial LLC now owns 16,329 shares of the exchange traded fund’s stock valued at $9,811,000 after purchasing an additional 6,517 shares during the last quarter. NWF Advisory Services Inc. lifted its stake in shares of Invesco QQQ by 5.7% in the third quarter. NWF Advisory Services Inc. now owns 17,282 shares of the exchange traded fund’s stock worth $10,376,000 after buying an additional 938 shares in the last quarter. Chilton Capital Management LLC boosted its position in Invesco QQQ by 12.8% during the third quarter. Chilton Capital Management LLC now owns 3,103 shares of the exchange traded fund’s stock worth $1,863,000 after acquiring an additional 352 shares during the last quarter. Finally, Destiny Capital Corp CO grew its stake in Invesco QQQ by 5.8% during the 3rd quarter. Destiny Capital Corp CO now owns 31,558 shares of the exchange traded fund’s stock valued at $18,947,000 after acquiring an additional 1,740 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $625.46 on Tuesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The stock’s 50 day simple moving average is $616.95 and its 200-day simple moving average is $598.80.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd.

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.