Invesco QQQ $QQQ Shares Acquired by Uptick Partners LLC

Uptick Partners LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 34.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,102 shares of the exchange traded fund’s stock after acquiring an additional 2,571 shares during the period. Invesco QQQ makes up 1.6% of Uptick Partners LLC’s investment portfolio, making the stock its 14th largest position. Uptick Partners LLC’s holdings in Invesco QQQ were worth $5,573,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ in the second quarter worth approximately $41,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter worth approximately $51,000. Blume Capital Management Inc. boosted 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 worth $57,000 after acquiring an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted its position in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.7%

Shares of QQQ stock opened at $602.22 on Thursday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18. The firm’s 50 day moving average price is $586.10 and its two-hundred day moving average price is $538.48.

Invesco QQQ Increases Dividend

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

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.