Invesco QQQ $QQQ is Three Bridge Wealth Advisors LLC’s 6th Largest Position

Three Bridge Wealth Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 35.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 29,257 shares of the exchange traded fund’s stock after purchasing an additional 7,648 shares during the period. Invesco QQQ accounts for 4.3% of Three Bridge Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest position. Three Bridge Wealth Advisors LLC’s holdings in Invesco QQQ were worth $16,157,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC increased its holdings in 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. Goldman Sachs Group Inc. grew its position in shares of Invesco QQQ by 959.6% during 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 purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. purchased a new stake in shares of Invesco QQQ in the first quarter worth $2,775,904,000. Spear Holdings RSC Ltd purchased a new stake in shares of Invesco QQQ in the first quarter worth $474,600,000. Finally, Altimeter Capital Management LP bought a new stake in Invesco QQQ during the first quarter valued at $463,293,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $607.71 on Tuesday. The stock’s 50-day simple moving average is $580.65 and its two-hundred day simple moving average is $533.42. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $609.36.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. 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.