Verus Capital Partners LLC Has $13.21 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Verus Capital Partners LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,063 shares of the exchange traded fund’s stock after acquiring an additional 625 shares during the quarter. Invesco QQQ comprises approximately 1.2% of Verus Capital Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Verus Capital Partners LLC’s holdings in Invesco QQQ were worth $13,209,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. WFA Asset Management Corp grew its position in shares of Invesco QQQ by 70.6% during the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after buying an additional 1,894 shares during the period. PBCay One RSC Ltd raised its position in shares of Invesco QQQ by 6.2% during the 1st quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock valued at $166,504,000 after acquiring an additional 22,000 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Invesco QQQ by 140.6% during the 1st quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock valued at $108,000 after acquiring an additional 142 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Invesco QQQ in the 1st quarter worth $844,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of Invesco QQQ in the 1st quarter worth $11,491,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.1 %

NASDAQ QQQ opened at $513.84 on Tuesday. Invesco QQQ has a 12 month low of $375.24 and a 12 month high of $515.58. The stock has a 50-day simple moving average of $485.37 and a 200 day simple moving average of $472.57.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was 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.