Aspect Partners LLC Raises Stock Position in Invesco QQQ $QQQ

Aspect Partners LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 27.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,111 shares of the exchange traded fund’s stock after purchasing an additional 673 shares during the quarter. Invesco QQQ comprises 0.8% of Aspect Partners LLC’s investment portfolio, making the stock its 25th biggest position. Aspect Partners LLC’s holdings in Invesco QQQ were worth $1,716,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GSG Advisors LLC raised its holdings in shares of Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after acquiring an additional 585 shares during the last quarter. Amundi increased its position in Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock worth $49,980,000 after purchasing an additional 6,600 shares in the last quarter. Greykasell Wealth Strategies Inc. raised its stake in Invesco QQQ by 8.4% in the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after purchasing an additional 605 shares during the last quarter. AM Investment Strategies LLC raised its stake in Invesco QQQ by 46.5% in the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 612 shares during the last quarter. Finally, Banco Santander S.A. lifted its holdings in Invesco QQQ by 100.2% in the 1st quarter. Banco Santander S.A. now owns 75,125 shares of the exchange traded fund’s stock valued at $35,228,000 after purchasing an additional 37,605 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.9%

Invesco QQQ stock opened at $611.67 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The firm’s 50-day moving average is $600.55 and its two-hundred day moving average is $557.99.

Invesco QQQ Increases Dividend

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

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.