Invesco QQQ (NASDAQ:QQQ) is NCP Inc.’s 9th Largest Position

NCP Inc. lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,530 shares of the exchange traded fund’s stock after selling 112 shares during the quarter. Invesco QQQ makes up 1.8% of NCP Inc.’s portfolio, making the stock its 9th largest holding. NCP Inc.’s holdings in Invesco QQQ were worth $3,187,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. PBCay One RSC Ltd lifted its holdings in Invesco QQQ by 6.2% in the 1st quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after purchasing an additional 22,000 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Invesco QQQ by 140.6% in the first quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock worth $108,000 after buying an additional 142 shares in the last quarter. Vanguard Group Inc. boosted its stake in Invesco QQQ by 5.0% during the first quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after buying an additional 832 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Invesco QQQ during the 1st quarter valued at approximately $210,000. Finally, Redwood Investment Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $252,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $509.31 on Wednesday. The firm has a fifty day moving average price of $494.46 and a 200 day moving average price of $478.12. Invesco QQQ has a fifty-two week low of $382.66 and a fifty-two week high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

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.