Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,572 shares of the exchange traded fund’s stock after purchasing an additional 2,382 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Invesco QQQ were worth $35,249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. First Merchants Corp purchased a new position in Invesco QQQ during the second quarter worth about $360,000. Financial Guidance Group Inc. boosted its stake in shares of Invesco QQQ by 12.9% in the second quarter. Financial Guidance Group Inc. now owns 24,937 shares of the exchange traded fund’s stock valued at $11,947,000 after purchasing an additional 2,848 shares during the period. Beacon Capital Management LLC boosted its stake in shares of Invesco QQQ by 18.6% in the second quarter. Beacon Capital Management LLC now owns 84,119 shares of the exchange traded fund’s stock valued at $40,302,000 after purchasing an additional 13,187 shares during the period. Atlantic Union Bankshares Corp boosted its stake in shares of Invesco QQQ by 4.9% in the second quarter. Atlantic Union Bankshares Corp now owns 1,913 shares of the exchange traded fund’s stock valued at $917,000 after purchasing an additional 90 shares during the period. Finally, McAdam LLC boosted its stake in shares of Invesco QQQ by 16.6% in the second quarter. McAdam LLC now owns 4,718 shares of the exchange traded fund’s stock valued at $2,260,000 after purchasing an additional 670 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.1 %

Shares of NASDAQ QQQ traded up $5.15 during midday trading on Friday, hitting $480.00. The company’s stock had a trading volume of 36,061,508 shares, compared to its average volume of 40,708,035. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business’s fifty day simple moving average is $475.08 and its two-hundred day simple moving average is $453.62.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were paid a $0.7615 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.63%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.