Sassicaia Capital Advisers LLC Boosts Stake in Invesco QQQ $QQQ

Sassicaia Capital Advisers LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1,413.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 26,600 shares of the exchange traded fund’s stock after purchasing an additional 24,843 shares during the quarter. Invesco QQQ accounts for about 9.2% of Sassicaia Capital Advisers LLC’s portfolio, making the stock its 4th largest position. Sassicaia Capital Advisers LLC’s holdings in Invesco QQQ were worth $14,674,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC bought a new position in Invesco QQQ in the second quarter valued at about $30,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ in the second quarter valued at approximately $41,000. Moser Wealth Advisors LLC raised its holdings in Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares during the last quarter. Ransom Advisory Ltd bought a new position in Invesco QQQ in the 1st quarter valued at approximately $70,000. Finally, Barrett & Company Inc. boosted its position in Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $625.48 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The company’s 50 day moving average price is $611.54 and its two-hundred day moving average price is $576.34.

Invesco QQQ Increases Dividend

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