Georgetown University Has $62.52 Million Stock Holdings in Invesco QQQ $QQQ

Georgetown University lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 22.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 113,337 shares of the exchange traded fund’s stock after selling 33,114 shares during the period. Invesco QQQ accounts for about 23.8% of Georgetown University’s portfolio, making the stock its largest position. Georgetown University’s holdings in Invesco QQQ were worth $62,521,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Kingstone Capital Partners Texas LLC increased its position 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 buying an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. boosted 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 acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ in the first quarter valued at approximately $2,775,904,000. JPMorgan Chase & Co. increased its holdings in shares of Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after acquiring an additional 1,457,109 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco QQQ by 1.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock valued at $1,501,063,000 after acquiring an additional 52,234 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 2.4%

Shares of QQQ opened at $585.67 on Friday. The business’s fifty day moving average is $607.08 and its 200 day moving average is $567.79. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were issued a dividend of $0.694 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.