Bank Julius Baer & Co. Ltd Zurich Raises Stake in Invesco QQQ (NASDAQ:QQQ)

Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 350,026 shares of the exchange traded fund’s stock after purchasing an additional 5,890 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.06% of Invesco QQQ worth $143,343,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Red Tortoise LLC raised its holdings in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 74 shares in the last quarter. Friedenthal Financial bought a new position in Invesco QQQ in the fourth quarter worth about $41,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ in the fourth quarter worth about $42,000. Core Wealth Advisors Inc. raised its holdings in Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. raised its holdings in Invesco QQQ by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 3,500 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $2.06 during trading hours on Thursday, reaching $424.45. The stock had a trading volume of 55,724,294 shares, compared to its average volume of 46,182,387. The business’s 50 day moving average price is $437.07 and its 200-day moving average price is $409.56. Invesco QQQ has a 52 week low of $311.34 and a 52 week high of $449.34.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.54%.

Invesco QQQ Company 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.