Single Point Partners LLC Has $381,000 Stake in Invesco QQQ $QQQ

Single Point Partners LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 20.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 690 shares of the exchange traded fund’s stock after selling 182 shares during the period. Single Point Partners LLC’s holdings in Invesco QQQ were worth $381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC boosted its stake in shares of Invesco QQQ by 704,593.7% during 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 buying an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Invesco QQQ by 959.6% in the 1st 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. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $2,775,904,000. Spear Holdings RSC Ltd acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $474,600,000. Finally, Altimeter Capital Management LP acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $463,293,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.4%

QQQ stock opened at $603.18 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $607.33. The company has a fifty day simple moving average of $579.85 and a 200 day simple moving average of $532.17.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

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.