Invesco QQQ $QQQ Shares Acquired by Client 1ST Advisory Group LLC

Client 1ST Advisory Group LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 15.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,224 shares of the exchange traded fund’s stock after acquiring an additional 161 shares during the period. Client 1ST Advisory Group LLC’s holdings in Invesco QQQ were worth $675,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC increased its stake 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 valued at $37,299,340,000 after purchasing an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of 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 valued at $11,300,023,000 after buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ during the 1st quarter worth $2,775,904,000. Spear Holdings RSC Ltd purchased a new stake in Invesco QQQ in the first quarter valued at $474,600,000. Finally, Altimeter Capital Management LP acquired a new position in Invesco QQQ in the first quarter valued at $463,293,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.5%

Shares of QQQ stock opened at $603.25 on Thursday. The stock’s 50-day moving average is $578.30 and its two-hundred day moving average is $530.08. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $603.79.

Invesco QQQ Increases Dividend

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

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.