Bank Julius Baer & Co. Ltd Zurich Buys 192,419 Shares of Invesco QQQ $QQQ

Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 145.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,636 shares of the exchange traded fund’s stock after purchasing an additional 192,419 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.05% of Invesco QQQ worth $179,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC lifted its stake in shares of Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after buying an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. increased its stake in Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after acquiring an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new position in Invesco QQQ during the first quarter valued at about $2,775,904,000. Symphony Financial Ltd. Co. acquired a new position in Invesco QQQ in the 2nd quarter valued at approximately $1,236,482,000. Finally, Altimeter Capital Management LP bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $463,293,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $590.07 on Monday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The business’s 50 day moving average is $607.15 and its 200-day moving average is $569.73.

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 given a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 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.