Pallas Capital Advisors LLC Acquires 1,339 Shares of Invesco QQQ $QQQ

Pallas Capital Advisors LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 9.4% in the second quarter, Holdings Channel.com reports. The fund owned 15,523 shares of the exchange traded fund’s stock after purchasing an additional 1,339 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Invesco QQQ were worth $8,563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Goldman Sachs Group Inc. lifted its holdings 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 worth $11,300,023,000 after acquiring an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter worth about $2,775,904,000. GAMMA Investing LLC increased its position in shares of Invesco QQQ by 55,795.2% during the 1st 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 in the last quarter. Spear Holdings RSC Ltd acquired a new stake in shares of Invesco QQQ during the 1st quarter worth about $474,600,000. Finally, Altimeter Capital Management LP acquired a new stake in shares of Invesco QQQ during the 1st quarter worth about $463,293,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.1%

Shares of Invesco QQQ stock opened at $591.18 on Wednesday. The company has a 50-day simple moving average of $569.81 and a 200 day simple moving average of $521.75. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $592.86.

Invesco QQQ Cuts Dividend

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

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.