Invesco QQQ $QQQ Shares Acquired by Stablepoint Partners LLC

Stablepoint Partners LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,921 shares of the exchange traded fund’s stock after buying an additional 157 shares during the quarter. Stablepoint Partners LLC’s holdings in Invesco QQQ were worth $2,163,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC increased its stake 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 buying an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. grew its stake 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 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 position in shares of Invesco QQQ in the first quarter worth about $2,775,904,000. JPMorgan Chase & Co. boosted its holdings in Invesco QQQ by 42.4% in 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 purchasing an additional 1,457,109 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Invesco QQQ by 0.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock valued at $1,778,116,000 after purchasing an additional 22,220 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $619.29 on Friday. The stock’s 50 day moving average is $609.04 and its two-hundred day moving average is $572.77. 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 disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a dividend of $0.694 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.