Blue Investment Partners LLC Purchases 100 Shares of Invesco QQQ (NASDAQ:QQQ)

Blue Investment Partners LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,006 shares of the exchange traded fund’s stock after purchasing an additional 100 shares during the period. Blue Investment Partners LLC’s holdings in Invesco QQQ were worth $979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. PBCay One RSC Ltd grew its holdings in shares of Invesco QQQ by 6.2% during the 1st quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after acquiring an additional 22,000 shares during the period. Russell Investments Group Ltd. raised its holdings in Invesco QQQ by 140.6% in the first quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock worth $108,000 after purchasing an additional 142 shares in the last quarter. Vanguard Group Inc. lifted its position in Invesco QQQ by 5.0% during the first quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after buying an additional 832 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $210,000. Finally, Redwood Investment Management LLC purchased a new stake in shares of Invesco QQQ in the 1st quarter worth about $252,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

QQQ stock opened at $506.59 on Tuesday. The firm has a 50 day moving average price of $493.75 and a 200-day moving average price of $477.65. Invesco QQQ has a 52-week low of $382.66 and a 52-week high of $515.58.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.53%.

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.