Invesco QQQ $QQQ Holdings Reduced by 111 Capital

111 Capital cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 51.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,014 shares of the exchange traded fund’s stock after selling 25,931 shares during the period. Invesco QQQ accounts for 2.3% of 111 Capital’s holdings, making the stock its 6th biggest holding. 111 Capital’s holdings in Invesco QQQ were worth $13,247,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its holdings in shares of Invesco QQQ by 704,593.7% during 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 acquiring an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Invesco QQQ by 959.6% during 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 in the last quarter. Mullooly Asset Management Inc. purchased a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco QQQ by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock worth $1,501,063,000 after acquiring an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after acquiring an additional 54,944 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.4%

Shares of 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 business’s 50 day simple moving average is $579.85 and its 200-day simple moving average is $532.17.

Invesco QQQ Increases Dividend

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