Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Sapient Capital LLC

Sapient Capital LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,387 shares of the exchange traded fund’s stock after acquiring an additional 86 shares during the period. Sapient Capital LLC’s holdings in Invesco QQQ were worth $2,633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ during the first quarter worth about $28,000. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ during the 1st quarter worth approximately $29,000. Mechanics Financial Corp acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $30,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $35,000. Finally, Chelsea Counsel Co. acquired a new position in Invesco QQQ during the first quarter worth $40,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.9 %

QQQ stock traded up $4.58 during trading on Monday, reaching $497.94. 3,602,557 shares of the company were exchanged, compared to its average volume of 39,131,285. The stock’s 50 day moving average price is $472.55 and its 200 day moving average price is $463.40. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, September 23rd.

About Invesco QQQ

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.