Blue Capital Inc. Buys Shares of 16,589 Invesco QQQ $QQQ

Blue Capital Inc. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,589 shares of the exchange traded fund’s stock, valued at approximately $9,151,000. Invesco QQQ makes up about 6.5% of Blue Capital Inc.’s investment portfolio, making the stock its 2nd largest position.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. GSG Advisors LLC grew its holdings in Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after buying an additional 585 shares in the last quarter. Amundi raised its position in shares of Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after buying an additional 6,600 shares in the last quarter. BCGM Wealth Management LLC raised its position in Invesco QQQ by 13.6% during the second quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after purchasing an additional 3,066 shares during the period. Prospect Financial Services LLC raised its holdings in Invesco QQQ by 9.1% during the 2nd quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock valued at $6,490,000 after buying an additional 986 shares during the period. Finally, Wisconsin Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 21.2% in the second quarter. Wisconsin Wealth Advisors LLC now owns 6,747 shares of the exchange traded fund’s stock valued at $3,722,000 after acquiring an additional 1,179 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $613.62 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The firm has a 50-day simple moving average of $613.64 and a two-hundred day simple moving average of $580.16.

Invesco QQQ Increases Dividend

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

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.