QTR Family Wealth LLC Has $4.28 Million Position in Invesco QQQ $QQQ

QTR Family Wealth LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 49.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,763 shares of the exchange traded fund’s stock after purchasing an additional 2,562 shares during the period. Invesco QQQ comprises 2.7% of QTR Family Wealth LLC’s portfolio, making the stock its 9th biggest holding. QTR Family Wealth LLC’s holdings in Invesco QQQ were worth $4,282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its stake in shares of Invesco QQQ by 704,593.7% in the second 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 acquiring an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 valued at $11,300,023,000 after acquiring an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $2,775,904,000. Spear Holdings RSC Ltd bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $474,600,000. Finally, Altimeter Capital Management LP bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $463,293,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5%

NASDAQ:QQQ opened at $603.25 on Thursday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $603.79. The firm has a 50 day moving average of $578.30 and a 200-day moving average of $530.08.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a $0.694 dividend. 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 of this dividend is Monday, September 22nd.

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.