Juniper Hill Capital Management LP Takes $16.89 Million Position in Invesco QQQ (NASDAQ:QQQ)

Juniper Hill Capital Management LP bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the 3rd quarter, Holdings Channel reports. The fund bought 34,605 shares of the exchange traded fund’s stock, valued at approximately $16,890,000. Invesco QQQ accounts for 3.9% of Juniper Hill Capital Management LP’s holdings, making the stock its 6th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Campbell Wealth Management boosted its stake in Invesco QQQ by 1.8% during the 3rd quarter. Campbell Wealth Management now owns 161,909 shares of the exchange traded fund’s stock valued at $79,023,000 after acquiring an additional 2,848 shares during the last quarter. Americana Partners LLC grew its stake in Invesco QQQ by 191.1% in the third quarter. Americana Partners LLC now owns 5,789 shares of the exchange traded fund’s stock worth $2,825,000 after purchasing an additional 3,800 shares in the last quarter. Gladstone Institutional Advisory LLC increased its holdings in Invesco QQQ by 16.6% in the third quarter. Gladstone Institutional Advisory LLC now owns 30,247 shares of the exchange traded fund’s stock valued at $14,763,000 after buying an additional 4,315 shares during the last quarter. Shepherd Financial Partners LLC grew its position in shares of Invesco QQQ by 0.9% in the 3rd quarter. Shepherd Financial Partners LLC now owns 12,627 shares of the exchange traded fund’s stock worth $6,163,000 after acquiring an additional 117 shares in the last quarter. Finally, Caas Capital Management LP increased its holdings in shares of Invesco QQQ by 133.9% in the 3rd quarter. Caas Capital Management LP now owns 16,022 shares of the exchange traded fund’s stock valued at $7,820,000 after acquiring an additional 9,171 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.7 %

Shares of NASDAQ QQQ opened at $487.43 on Friday. Invesco QQQ has a twelve month low of $360.30 and a twelve month high of $503.52. The business has a 50 day simple moving average of $481.80 and a 200-day simple moving average of $468.54.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%.

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.