Invesco QQQ $QQQ Holdings Lifted by Seros Financial LLC

Seros Financial LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,486 shares of the exchange traded fund’s stock after purchasing an additional 1,501 shares during the period. Invesco QQQ accounts for 9.6% of Seros Financial LLC’s holdings, making the stock its 2nd biggest holding. Seros Financial LLC’s holdings in Invesco QQQ were worth $15,162,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in QQQ. Kingstone Capital Partners Texas LLC lifted its holdings in Invesco QQQ by 704,593.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after acquiring an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new stake in Invesco QQQ in the 1st quarter worth approximately $2,775,904,000. Spear Holdings RSC Ltd bought a new stake in Invesco QQQ in the 1st quarter worth approximately $474,600,000. Finally, Altimeter Capital Management LP bought a new stake in Invesco QQQ in the 1st quarter worth approximately $463,293,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.4%

NASDAQ:QQQ opened at $603.18 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $607.33. The stock’s 50 day simple moving average is $579.85 and its two-hundred day simple moving average is $531.81.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. 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.

Invesco QQQ 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.