Invesco QQQ (NASDAQ:QQQ) Position Boosted by Pictet North America Advisors SA

Pictet North America Advisors SA grew its position in Invesco QQQ (NASDAQ:QQQ) by 35.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,846 shares of the exchange traded fund’s stock after acquiring an additional 1,000 shares during the quarter. Pictet North America Advisors SA’s holdings in Invesco QQQ were worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in QQQ. Steel Grove Capital Advisors LLC raised its position in shares of Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after purchasing an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC lifted its stake in Invesco QQQ by 18,691.3% during the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after buying an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after buying an additional 894,532 shares during the period. Harvard Management Co. Inc. purchased a new position in shares of Invesco QQQ in the first quarter worth approximately $304,591,000. Finally, Mirae Asset Securities USA Inc. purchased a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $215,600,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.1 %

Shares of QQQ stock opened at $495.96 on Wednesday. The stock’s fifty day simple moving average is $479.23 and its 200-day simple moving average is $465.96. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

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.