Alexis Investment Partners LLC Has $8.29 Million Stock Holdings in Invesco QQQ $QQQ

Alexis Investment Partners LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.6% in the 1st quarter, Holdings Channel reports. The firm owned 17,672 shares of the exchange traded fund’s stock after purchasing an additional 448 shares during the quarter. Invesco QQQ accounts for 4.0% of Alexis Investment Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Alexis Investment Partners LLC’s holdings in Invesco QQQ were worth $8,287,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the 1st quarter worth $51,000. Blume Capital Management Inc. raised its position in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC raised its position in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth about $67,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $565.62 on Wednesday. The stock has a 50-day moving average price of $563.53 and a 200-day moving average price of $517.73. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $583.32.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

Invesco QQQ Company 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.