Clarity Capital Partners LLC Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Clarity Capital Partners LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 4,679 shares of the exchange traded fund’s stock after acquiring an additional 339 shares during the quarter. Invesco QQQ accounts for approximately 1.4% of Clarity Capital Partners LLC’s holdings, making the stock its 21st biggest holding. Clarity Capital Partners LLC’s holdings in Invesco QQQ were worth $2,078,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of QQQ. Deane Retirement Strategies Inc. acquired a new position in shares of Invesco QQQ during the first quarter worth $29,000. Legacy Bridge LLC raised its stake in Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ in the fourth quarter valued at about $35,000. Red Tortoise LLC boosted its holdings in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 74 shares in the last quarter. Finally, Robinson Capital Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $40,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.0 %

Shares of NASDAQ QQQ traded up $5.19 during midday trading on Wednesday, reaching $502.96. The company had a trading volume of 27,905,368 shares, compared to its average volume of 40,198,039. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business’s 50-day simple moving average is $465.66 and its 200 day simple moving average is $441.41.

Invesco QQQ Increases Dividend

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

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.