Pachira Investments Inc. Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

Pachira Investments Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,800 shares of the exchange traded fund’s stock after buying an additional 944 shares during the quarter. Invesco QQQ accounts for 4.3% of Pachira Investments Inc.’s investment portfolio, making the stock its 11th largest holding. Pachira Investments Inc.’s holdings in Invesco QQQ were worth $5,240,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of Invesco QQQ during the 1st quarter worth $1,580,776,000. CHURCHILL MANAGEMENT Corp increased its holdings in shares of Invesco QQQ by 30.7% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock valued at $819,814,000 after purchasing an additional 433,317 shares in the last quarter. Comerica Bank acquired a new stake in shares of Invesco QQQ in the third quarter valued at about $140,657,000. Finally, Granite Bay Wealth Management LLC boosted its holdings in Invesco QQQ by 47.1% during the fourth quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after buying an additional 378,922 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $491.04 on Thursday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $491.17. The firm’s 50-day moving average is $457.35 and its two-hundred day moving average is $437.90.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be paid a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.62%. The ex-dividend date is Monday, June 24th.

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.