Invesco QQQ (NASDAQ:QQQ) Stake Boosted by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 134.7% during the first quarter, HoldingsChannel reports. The firm owned 106,932 shares of the exchange traded fund’s stock after acquiring an additional 61,365 shares during the period. Wellington Management Group LLP’s holdings in Invesco QQQ were worth $34,318,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of QQQ. Aspire Private Capital LLC purchased a new position in Invesco QQQ during the 1st quarter valued at about $13,479,060,000. Barrett & Company Inc. bought a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $26,000. Cascade Investment Advisors Inc. bought a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $28,000. Elequin Securities LLC bought a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $47,000. Finally, Clear Investment Research LLC grew its stake in shares of Invesco QQQ by 71.7% in the 1st quarter. Clear Investment Research LLC now owns 158 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

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Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $372.06 on Friday. The business has a 50 day simple moving average of $372.59 and a 200 day simple moving average of $346.12. Invesco QQQ has a 52 week low of $254.26 and a 52 week high of $387.98.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Wednesday, June 21st were issued a $0.504 dividend. The ex-dividend date of this dividend was Tuesday, June 20th. This represents a $2.02 annualized dividend and a yield of 0.54%.

Invesco QQQ Profile

(Free Report)

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.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).

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