Clarity Capital Partners LLC Has $2.08 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Clarity Capital Partners LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,679 shares of the exchange traded fund’s stock after acquiring an additional 339 shares during the quarter. Invesco QQQ accounts for 1.4% of Clarity Capital Partners LLC’s holdings, making the stock its 21st biggest position. Clarity Capital Partners LLC’s holdings in Invesco QQQ were worth $2,078,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares during the period. Global Assets Advisory LLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $1,580,776,000. Commonwealth Equity Services LLC grew its holdings in shares of Invesco QQQ by 7.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after purchasing an additional 162,691 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its position in shares of Invesco QQQ by 30.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after purchasing an additional 433,317 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Invesco QQQ by 2.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,496,636 shares of the exchange traded fund’s stock valued at $664,521,000 after purchasing an additional 38,471 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock traded up $5.19 during mid-day trading on Wednesday, hitting $502.96. The stock had a trading volume of 27,905,368 shares, compared to its average volume of 40,198,039. The firm has a fifty day simple moving average of $465.66 and a 200 day simple moving average of $441.41. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $503.52.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be given a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a yield of 0.61%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 24th.

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.