Cypress Capital LLC Acquires 107 Shares of Invesco QQQ $QQQ

Cypress Capital LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 22.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 583 shares of the exchange traded fund’s stock after buying an additional 107 shares during the period. Cypress Capital LLC’s holdings in Invesco QQQ were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC raised 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 purchasing an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. boosted its stake in 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 worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new position in Invesco QQQ during the 1st quarter valued at about $2,775,904,000. Altimeter Capital Management LP purchased a new position in Invesco QQQ during the 1st quarter valued at about $463,293,000. Finally, Alaska Permanent Fund Corp increased its position in shares of Invesco QQQ by 14,750.7% during the first quarter. Alaska Permanent Fund Corp now owns 799,266 shares of the exchange traded fund’s stock valued at $380,027,000 after buying an additional 793,884 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $609.74 on Monday. The company’s 50-day moving average price is $601.34 and its 200-day moving average price is $560.76. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

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

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.