Sivia Capital Partners LLC Has $271,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Sivia Capital Partners LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 14.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 611 shares of the exchange traded fund’s stock after purchasing an additional 78 shares during the quarter. Sivia Capital Partners LLC’s holdings in Invesco QQQ were worth $271,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Deane Retirement Strategies Inc. acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $29,000. Voisard Asset Management Group Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth $35,000. Red Tortoise LLC raised its stake in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 74 shares during the period. Friedenthal Financial acquired a new stake in Invesco QQQ during the 4th quarter worth $41,000. Finally, Robinson Capital Management LLC acquired a new stake in Invesco QQQ during the 4th quarter worth $40,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $2.45 during mid-day trading on Wednesday, hitting $489.43. 9,766,288 shares of the company’s stock were exchanged, compared to its average volume of 40,579,043. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $489.57. The company’s 50 day simple moving average is $457.35 and its 200-day simple moving average is $437.90.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be paid a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.