Northstar Advisory Group LLC Purchases 2,499 Shares of Invesco QQQ $QQQ

Northstar Advisory Group LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 413.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,103 shares of the exchange traded fund’s stock after acquiring an additional 2,499 shares during the period. Northstar Advisory Group LLC’s holdings in Invesco QQQ were worth $1,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of QQQ. Goldman Sachs Group Inc. grew its stake 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 acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ during the first quarter worth about $2,775,904,000. GAMMA Investing LLC grew its stake 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 acquired a new stake in Invesco QQQ during the first quarter worth about $474,600,000. Finally, Altimeter Capital Management LP acquired a new stake in Invesco QQQ during the first quarter worth about $463,293,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.4%

Shares of Invesco QQQ stock opened at $586.66 on Monday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $587.86. The firm’s 50-day moving average price is $568.24 and its two-hundred day moving average price is $520.68.

Invesco QQQ Cuts Dividend

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

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.