Invesco QQQ $QQQ Stock Position Lifted by HRT Financial LP

HRT Financial LP increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 118.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,145,578 shares of the exchange traded fund’s stock after buying an additional 1,704,600 shares during the quarter. Invesco QQQ makes up about 7.6% of HRT Financial LP’s portfolio, making the stock its 2nd largest position. HRT Financial LP’s holdings in Invesco QQQ were worth $1,735,226,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC grew its stake 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 during the period. 1832 Asset Management L.P. lifted its stake in shares of Invesco QQQ by 100.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock valued at $1,167,000 after buying an additional 40,999,982 shares in the last quarter. Symphony Financial Ltd. Co. bought a new position in Invesco QQQ in the 2nd quarter worth approximately $1,236,482,000. JPMorgan Chase & Co. raised its holdings in Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after acquiring an additional 1,457,109 shares during the period. Finally, Altimeter Capital Management LP purchased a new position in shares of 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 Down 1.9%

QQQ stock opened at $613.62 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The stock has a 50-day simple moving average of $613.64 and a two-hundred day simple moving average of $580.16.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a $0.694 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

About Invesco QQQ

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.