Saiph Capital LLC Has $2.05 Million Stake in Invesco QQQ $QQQ

Saiph Capital LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 42.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,711 shares of the exchange traded fund’s stock after acquiring an additional 1,101 shares during the quarter. Invesco QQQ makes up about 0.7% of Saiph Capital LLC’s portfolio, making the stock its 22nd biggest holding. Saiph Capital LLC’s holdings in Invesco QQQ were worth $2,047,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC boosted its holdings 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 worth $2,687,000 after acquiring an additional 176 shares during the period. North Ridge Wealth Advisors Inc. boosted its holdings in shares of Invesco QQQ by 35.8% during the first quarter. North Ridge Wealth Advisors Inc. now owns 167 shares of the exchange traded fund’s stock worth $78,000 after acquiring an additional 44 shares during the period. Geometric Wealth Advisors boosted its holdings in shares of Invesco QQQ by 8.0% during the first quarter. Geometric Wealth Advisors now owns 2,521 shares of the exchange traded fund’s stock worth $1,182,000 after acquiring an additional 187 shares during the period. Finally, Commonwealth Financial Services LLC grew its position in shares of Invesco QQQ by 4.1% in the first quarter. Commonwealth Financial Services LLC now owns 56,005 shares of the exchange traded fund’s stock valued at $26,262,000 after purchasing an additional 2,205 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $622.94 on Friday. The stock has a 50 day simple moving average of $610.95 and a 200 day simple moving average of $575.62. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a dividend of $0.694 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend 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.