Monashee Investment Management LLC Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Monashee Investment Management LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 49.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,000 shares of the exchange traded fund’s stock after buying an additional 28,000 shares during the quarter. Invesco QQQ comprises 7.5% of Monashee Investment Management LLC’s portfolio, making the stock its 2nd biggest holding. Monashee Investment Management LLC’s holdings in Invesco QQQ were worth $31,401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Barrett & Company Inc. bought a new stake in shares of Invesco QQQ during the first quarter worth approximately $26,000. Cascade Investment Advisors Inc. bought a new stake in Invesco QQQ in the first quarter valued at about $28,000. Avalon Trust Co acquired a new position in Invesco QQQ in the second quarter valued at about $28,000. Aspire Private Capital LLC grew its holdings in shares of Invesco QQQ by 88.1% in the 2nd quarter. Aspire Private Capital LLC now owns 79 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 37 shares during the period. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of Invesco QQQ in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of NASDAQ:QQQ traded up $2.84 during mid-day trading on Monday, reaching $388.88. 13,657,834 shares of the stock were exchanged, compared to its average volume of 53,513,875. Invesco QQQ has a one year low of $259.73 and a one year high of $389.03. The stock’s 50 day simple moving average is $365.20 and its 200-day simple moving average is $362.91.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th were paid a dividend of $0.5389 per share. The ex-dividend date of this dividend was Monday, September 18th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 0.55%.

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.