Lazard Freres Gestion S.A.S. Buys 90 Shares of Invesco QQQ $QQQ

Lazard Freres Gestion S.A.S. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,005 shares of the exchange traded fund’s stock after acquiring an additional 90 shares during the quarter. Lazard Freres Gestion S.A.S.’s holdings in Invesco QQQ were worth $554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Wealth Group Ltd. boosted its position in shares of Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after purchasing an additional 4,835 shares in the last quarter. GAMMA Investing LLC raised its stake in Invesco QQQ by 19.2% during the first quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock valued at $1,872,000 after buying an additional 643 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its stake in Invesco QQQ by 1.1% during the first quarter. GHP Investment Advisors Inc. now owns 3,270 shares of the exchange traded fund’s stock valued at $1,533,000 after buying an additional 37 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $610.58 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18. The business has a fifty day moving average price of $589.82 and a 200-day moving average price of $544.88.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd.

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.