Cable Hill Partners LLC Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Cable Hill Partners LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 112.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 863 shares of the exchange traded fund’s stock after acquiring an additional 456 shares during the period. Cable Hill Partners LLC’s holdings in Invesco QQQ were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth about $1,018,000. Grant Private Wealth Management Inc bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $815,000. Gemsstock Ltd. raised its position in shares of Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock valued at $150,046,000 after purchasing an additional 213,400 shares during the last quarter. Tandem Investment Partners LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $4,623,000. Finally, Wescott Financial Advisory Group LLC raised its position in Invesco QQQ by 1.8% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund’s stock worth $75,071,000 after buying an additional 2,600 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $556.72 on Wednesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $560.80. The firm has a 50 day moving average of $529.97 and a two-hundred day moving average of $506.17.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%.

About Invesco QQQ

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.