Vanguard Personalized Indexing Management LLC Sells 411 Shares of Invesco QQQ $QQQ

Vanguard Personalized Indexing Management LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 17.7% in the second quarter, HoldingsChannel reports. The fund owned 1,915 shares of the exchange traded fund’s stock after selling 411 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Invesco QQQ were worth $1,056,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC increased its holdings in 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 purchasing an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. increased 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 valued at $11,300,023,000 after purchasing an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new stake in Invesco QQQ in the first quarter valued at about $2,775,904,000. Spear Holdings RSC Ltd bought a new stake in Invesco QQQ in the first quarter valued at about $474,600,000. Finally, Altimeter Capital Management LP bought a new stake in Invesco QQQ in the first quarter valued at about $463,293,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7%

NASDAQ QQQ opened at $603.93 on Friday. The stock has a 50-day simple moving average of $587.30 and a 200 day simple moving average of $540.73. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18.

Invesco QQQ Increases Dividend

The business also recently disclosed 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 a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is 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.