Quantinno Capital Management LP Increases Position in Invesco QQQ $QQQ

by · The Cerbat Gem

Quantinno Capital Management LP increased its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 16.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,723 shares of the exchange traded fund’s stock after acquiring an additional 9,194 shares during the period. Quantinno Capital Management LP’s holdings in Invesco QQQ were worth $35,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Diversify Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 5.2% during the second quarter. Diversify Wealth Management LLC now owns 17,138 shares of the exchange traded fund’s stock worth $9,941,000 after purchasing an additional 844 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Invesco QQQ by 5,884.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 23,760 shares of the exchange traded fund’s stock valued at $13,107,000 after acquiring an additional 23,363 shares during the period. Diversify Advisory Services LLC boosted its holdings in shares of Invesco QQQ by 32.6% in the 2nd quarter. Diversify Advisory Services LLC now owns 180,500 shares of the exchange traded fund’s stock valued at $104,699,000 after acquiring an additional 44,380 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Invesco QQQ by 7.9% in the second quarter. Alliancebernstein L.P. now owns 93,725 shares of the exchange traded fund’s stock worth $51,702,000 after acquiring an additional 6,827 shares during the period. Finally, Objective Capital Management LLC raised its holdings in shares of Invesco QQQ by 10.0% during the second quarter. Objective Capital Management LLC now owns 10,058 shares of the exchange traded fund’s stock worth $5,548,000 after purchasing an additional 911 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $625.58 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The company has a fifty day moving average of $613.43 and a 200 day moving average of $579.44.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a yield of 0.4%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 22nd.

About Invesco QQQ

(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.

See Also

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