AlTi Global Inc. Has $14.27 Million Position in Invesco QQQ $QQQ

AlTi Global Inc. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 8.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,735 shares of the exchange traded fund’s stock after selling 2,303 shares during the period. AlTi Global Inc.’s holdings in Invesco QQQ were worth $14,272,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. GSG Advisors LLC lifted its position in shares of Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after purchasing an additional 585 shares in the last quarter. Amundi grew its stake in shares of Invesco QQQ by 6.3% in the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after acquiring an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC grew its stake in shares of Invesco QQQ by 8.6% in the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock valued at $9,428,000 after acquiring an additional 1,586 shares in the last quarter. Greykasell Wealth Strategies Inc. grew its stake in shares of Invesco QQQ by 8.4% in the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after acquiring an additional 605 shares in the last quarter. Finally, AM Investment Strategies LLC grew its stake in shares of Invesco QQQ by 46.5% in the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after acquiring an additional 612 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.8%

QQQ opened at $610.58 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18. The company has a 50-day simple moving average of $589.82 and a 200 day simple moving average of $544.88.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd.

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.