Banco Santander S.A. Lowers Stake in Invesco QQQ $QQQ

Banco Santander S.A. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 40.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,502 shares of the exchange traded fund’s stock after selling 30,623 shares during the quarter. Banco Santander S.A.’s holdings in Invesco QQQ were worth $24,549,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC lifted its holdings 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 worth $37,299,340,000 after buying an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 worth $11,300,023,000 after buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. purchased a new position in shares of Invesco QQQ in the first quarter worth $2,775,904,000. Spear Holdings RSC Ltd purchased a new position in shares of Invesco QQQ in the first quarter worth $474,600,000. Finally, Altimeter Capital Management LP purchased a new position in shares of Invesco QQQ in the first quarter worth $463,293,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $617.10 on Monday. Invesco QQQ has a one year low of $402.39 and a one year high of $618.42. The company’s fifty day moving average price is $590.61 and its 200-day moving average price is $547.74.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd.

Invesco QQQ Company 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.