Invesco QQQ (NASDAQ:QQQ) Stock Holdings Increased by Arcus Capital Partners LLC

Arcus Capital Partners LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 13.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,730 shares of the exchange traded fund’s stock after acquiring an additional 2,146 shares during the quarter. Invesco QQQ accounts for about 2.5% of Arcus Capital Partners LLC’s portfolio, making the stock its 8th largest position. Arcus Capital Partners LLC’s holdings in Invesco QQQ were worth $7,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Gotham Asset Management LLC increased its holdings in Invesco QQQ by 2.2% in the third quarter. Gotham Asset Management LLC now owns 5,403 shares of the exchange traded fund’s stock valued at $1,936,000 after buying an additional 115 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Invesco QQQ by 46.2% in the third quarter. Lazard Asset Management LLC now owns 16,155 shares of the exchange traded fund’s stock valued at $5,787,000 after buying an additional 5,105 shares during the last quarter. Ellerson Group Inc. ADV increased its holdings in Invesco QQQ by 0.5% in the third quarter. Ellerson Group Inc. ADV now owns 7,749 shares of the exchange traded fund’s stock valued at $2,776,000 after buying an additional 39 shares during the last quarter. Elevatus Welath Management increased its holdings in Invesco QQQ by 120.5% in the third quarter. Elevatus Welath Management now owns 1,951 shares of the exchange traded fund’s stock valued at $699,000 after buying an additional 1,066 shares during the last quarter. Finally, EHP Funds Inc. increased its holdings in Invesco QQQ by 174.4% in the third quarter. EHP Funds Inc. now owns 69,700 shares of the exchange traded fund’s stock valued at $24,971,000 after buying an additional 44,300 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $491.04 on Thursday. The business’s fifty day moving average price is $457.35 and its 200 day moving average price is $437.90. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $491.17.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be issued a $0.7615 dividend. This represents a $3.05 annualized dividend and a yield of 0.62%. The ex-dividend date is Monday, June 24th. This is a positive change 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.