J.Safra Asset Management Corp Buys 12,270 Shares of Invesco QQQ $QQQ

J.Safra Asset Management Corp lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 355,919 shares of the exchange traded fund’s stock after acquiring an additional 12,270 shares during the quarter. Invesco QQQ makes up 14.1% of J.Safra Asset Management Corp’s portfolio, making the stock its biggest holding. J.Safra Asset Management Corp’s holdings in Invesco QQQ were worth $195,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of QQQ. Brighton Jones LLC increased its stake in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its position in 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 buying an additional 176 shares during the last quarter. Wealth Group Ltd. increased its position in Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after buying an additional 4,835 shares during the last quarter. GAMMA Investing LLC increased its position 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 worth $1,872,000 after buying an additional 643 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC increased its position in Invesco QQQ by 69.6% during the first quarter. Cyndeo Wealth Partners LLC now owns 5,695 shares of the exchange traded fund’s stock worth $2,670,000 after buying an additional 2,338 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $598.00 on Wednesday. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18. The company’s fifty day moving average price is $585.40 and its two-hundred day moving average price is $538.03.

Invesco QQQ Increases Dividend

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

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.