Invesco QQQ $QQQ Shares Acquired by Strategic Advocates LLC

Strategic Advocates LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 2.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 54,548 shares of the exchange traded fund’s stock after acquiring an additional 1,097 shares during the quarter. Invesco QQQ comprises about 8.9% of Strategic Advocates LLC’s holdings, making the stock its largest position. Strategic Advocates LLC’s holdings in Invesco QQQ were worth $30,091,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of QQQ. Goldman Sachs Group Inc. raised 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 worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. purchased a new stake in shares of Invesco QQQ during the first quarter worth approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. raised its stake 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 worth $1,501,063,000 after purchasing an additional 52,234 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after purchasing an additional 54,944 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 1,868,580 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $591.68 on Tuesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $591.79. The business has a 50 day simple moving average of $569.03 and a 200-day simple moving average of $521.27.

Invesco QQQ Cuts Dividend

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

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.