Sage Mountain Advisors LLC Increases Stake in Invesco QQQ (NASDAQ:QQQ)

by · The Cerbat Gem

Sage Mountain Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,400 shares of the exchange traded fund’s stock after purchasing an additional 413 shares during the period. Sage Mountain Advisors LLC’s holdings in Invesco QQQ were worth $6,752,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at $36,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ in the first quarter valued at $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ in the first quarter valued at $51,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at $57,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $556.21 on Tuesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $559.98. The firm has a fifty day moving average of $528.46 and a 200-day moving average of $505.81.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

Invesco QQQ Profile

(Free Report)

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.

Featured Articles