Foresight Capital Management Advisors Inc. Has $5.87 Million Holdings in Invesco QQQ $QQQ

Foresight Capital Management Advisors Inc. boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 10,634 shares of the exchange traded fund’s stock after purchasing an additional 91 shares during the quarter. Invesco QQQ accounts for about 3.4% of Foresight Capital Management Advisors Inc.’s portfolio, making the stock its 5th biggest position. Foresight Capital Management Advisors Inc.’s holdings in Invesco QQQ were worth $5,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC grew its position in Invesco QQQ by 704,593.7% in the second 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 buying an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 valued at $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 shares of Invesco QQQ during the 1st quarter worth $2,775,904,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco QQQ by 1.7% in 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 during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after purchasing an additional 54,944 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.5%

Shares of NASDAQ QQQ opened at $604.51 on Wednesday. The business has a fifty day simple moving average of $581.39 and a 200-day simple moving average of $533.92. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $609.71.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is a boost 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 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.