Ashfield Capital Partners LLC raised its position in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,550 shares of the exchange traded fund’s stock after purchasing an additional 400 shares during the period. Ashfield Capital Partners LLC’s holdings in Invesco QQQ Trust were worth $845,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Providence Capital Advisors LLC boosted its holdings in shares of Invesco QQQ Trust by 487.4% in the second quarter. Providence Capital Advisors LLC now owns 605 shares of the exchange traded fund’s stock worth $104,000 after acquiring an additional 502 shares during the period. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Invesco QQQ Trust in the second quarter worth $104,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Invesco QQQ Trust in the third quarter worth $108,000. Opera Trading Capital purchased a new stake in shares of Invesco QQQ Trust in the second quarter worth $112,000. Finally, Quad Cities Investment Group LLC purchased a new stake in shares of Invesco QQQ Trust in the second quarter worth $128,000. 39.07% of the stock is owned by institutional investors and hedge funds.
Shares of QQQ stock opened at $168.96 on Tuesday. Invesco QQQ Trust has a 52-week low of $150.13 and a 52-week high of $187.53.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Tuesday, September 25th were given a $0.3298 dividend. The ex-dividend date of this dividend was Monday, September 24th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.78%.
Separately, Bank of America downgraded Invesco QQQ Trust from a “buy” rating to a “neutral” rating in a research report on Monday.
About Invesco QQQ Trust
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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