Invesco QQQ $QQQ Shares Purchased by Investment Partners LTD.

Investment Partners LTD. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,749 shares of the exchange traded fund’s stock after purchasing an additional 122 shares during the period. Investment Partners LTD.’s holdings in Invesco QQQ were worth $1,516,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of QQQ. Kingstone Capital Partners Texas LLC raised its stake in Invesco QQQ by 704,593.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Invesco QQQ by 959.6% during 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 buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. purchased a new position in shares of Invesco QQQ during the first quarter valued at approximately $2,775,904,000. Altimeter Capital Management LP purchased a new stake in Invesco QQQ in the 1st quarter worth approximately $463,293,000. Finally, Alaska Permanent Fund Corp raised its holdings in Invesco QQQ by 14,750.7% in the 1st quarter. Alaska Permanent Fund Corp now owns 799,266 shares of the exchange traded fund’s stock valued at $380,027,000 after acquiring an additional 793,884 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ stock opened at $614.98 on Thursday. The stock’s fifty day simple moving average is $604.54 and its 200-day simple moving average is $563.31. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

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 issued a $0.694 dividend. The ex-dividend date was Monday, September 22nd. This is a positive change 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%.

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.