NFP Retirement Inc. Cuts Stock Position in Invesco QQQ $QQQ

NFP Retirement Inc. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,766 shares of the exchange traded fund’s stock after selling 599 shares during the period. Invesco QQQ accounts for approximately 2.0% of NFP Retirement Inc.’s holdings, making the stock its 9th biggest position. NFP Retirement Inc.’s holdings in Invesco QQQ were worth $30,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its position in Invesco QQQ by 704,593.7% in the 2nd 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 period. Goldman Sachs Group Inc. lifted 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 worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ in the first quarter worth about $2,775,904,000. Symphony Financial Ltd. Co. bought a new position in Invesco QQQ in the 2nd quarter valued at about $1,236,482,000. Finally, Altimeter Capital Management LP acquired a new position in Invesco QQQ during the 1st quarter valued at about $463,293,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.6%

Shares of NASDAQ:QQQ opened at $599.87 on Thursday. The company has a 50 day moving average of $607.05 and a 200-day moving average of $567.67. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.