Sapient Capital LLC Increases Stake in Invesco QQQ $QQQ

Sapient Capital LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 15.1% during the third quarter, Holdings Channel reports. The institutional investor owned 10,684 shares of the exchange traded fund’s stock after buying an additional 1,404 shares during the quarter. Sapient Capital LLC’s holdings in Invesco QQQ were worth $6,404,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Sovereign Financial Group Inc. lifted its stake in Invesco QQQ by 0.6% in the third quarter. Sovereign Financial Group Inc. now owns 35,730 shares of the exchange traded fund’s stock worth $21,451,000 after acquiring an additional 200 shares during the last quarter. Mayflower Financial Advisors LLC raised its holdings in shares of Invesco QQQ by 1.2% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 6,088 shares of the exchange traded fund’s stock valued at $3,655,000 after purchasing an additional 71 shares in the last quarter. Rede Wealth LLC lifted its position in shares of Invesco QQQ by 46.5% during the 3rd quarter. Rede Wealth LLC now owns 800 shares of the exchange traded fund’s stock worth $481,000 after purchasing an additional 254 shares during the last quarter. NovaPoint Capital LLC lifted its position in shares of Invesco QQQ by 8.3% during the 3rd quarter. NovaPoint Capital LLC now owns 7,606 shares of the exchange traded fund’s stock worth $4,566,000 after purchasing an additional 586 shares during the last quarter. Finally, Apella Capital LLC grew its stake in shares of Invesco QQQ by 0.6% during the third quarter. Apella Capital LLC now owns 37,880 shares of the exchange traded fund’s stock worth $22,727,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

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Invesco QQQ Price Performance

NASDAQ:QQQ opened at $623.89 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The business’s fifty day moving average price is $616.25 and its 200 day moving average price is $586.91.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a $0.7941 dividend. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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