SSA Swiss Advisors AG Lowers Stock Position in Invesco QQQ $QQQ

SSA Swiss Advisors AG lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,613 shares of the exchange traded fund’s stock after selling 85 shares during the period. SSA Swiss Advisors AG’s holdings in Invesco QQQ were worth $907,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of QQQ. Kingstone Capital Partners Texas LLC raised its holdings 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 purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new position in Invesco QQQ in the first quarter worth about $2,775,904,000. Spear Holdings RSC Ltd bought a new position in Invesco QQQ in the first quarter worth about $474,600,000. Finally, Altimeter Capital Management LP bought a new position in Invesco QQQ in the first quarter worth about $463,293,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.1%

Shares of Invesco QQQ stock opened at $617.10 on Friday. The company has a 50-day simple moving average of $590.61 and a two-hundred day simple moving average of $546.26. Invesco QQQ has a one year low of $402.39 and a one year high of $618.42.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is 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.