Union Bancaire Privee UBP SA Boosts Stock Position in Invesco QQQ $QQQ

Union Bancaire Privee UBP SA raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 15.8% in the 2nd quarter, Holdings Channel reports. The fund owned 23,693 shares of the exchange traded fund’s stock after acquiring an additional 3,241 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Invesco QQQ were worth $12,455,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. One Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 168.3% during the 2nd quarter. One Wealth Advisors LLC now owns 1,234 shares of the exchange traded fund’s stock worth $681,000 after buying an additional 774 shares in the last quarter. Greenhouse Wealth Management LLC raised its stake in shares of Invesco QQQ by 18.6% during the 2nd quarter. Greenhouse Wealth Management LLC now owns 12,265 shares of the exchange traded fund’s stock worth $6,759,000 after buying an additional 1,924 shares in the last quarter. Mainsail Financial Group LLC raised its stake in shares of Invesco QQQ by 0.5% during the 2nd quarter. Mainsail Financial Group LLC now owns 4,346 shares of the exchange traded fund’s stock worth $2,419,000 after buying an additional 23 shares in the last quarter. C2C Wealth Management LLC raised its stake in shares of Invesco QQQ by 4.7% during the 2nd quarter. C2C Wealth Management LLC now owns 1,552 shares of the exchange traded fund’s stock worth $856,000 after buying an additional 70 shares in the last quarter. Finally, Alliance Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 5.1% during the 2nd quarter. Alliance Wealth Advisors LLC now owns 20,883 shares of the exchange traded fund’s stock worth $11,520,000 after buying an additional 1,019 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $600.37 on Wednesday. The stock has a 50 day simple moving average of $577.51 and a 200-day simple moving average of $529.57. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $602.87.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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.