Arlington Trust Co LLC Grows Stock Position in Invesco QQQ $QQQ

Arlington Trust Co LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 12.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,785 shares of the exchange traded fund’s stock after buying an additional 203 shares during the quarter. Arlington Trust Co LLC’s holdings in Invesco QQQ were worth $985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in shares of 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 valued at $11,300,023,000 after purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. purchased a new position in Invesco QQQ during the first quarter worth about $2,775,904,000. GAMMA Investing LLC grew its position in Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock worth $8,777,850,000 after buying an additional 1,868,580 shares in the last quarter. Spear Holdings RSC Ltd purchased a new position in Invesco QQQ during the first quarter worth about $474,600,000. Finally, Altimeter Capital Management LP purchased a new position in Invesco QQQ during the first quarter worth about $463,293,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $586.66 on Monday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $587.86. The business has a 50-day simple moving average of $568.24 and a 200 day simple moving average of $520.68.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.