Alight Capital Management LP Purchases New Stake in Invesco QQQ $QQQ

Key Points

• Alight Capital Management LP acquired a new position in Invesco QQQ, buying 25,000 shares valued at approximately $11.72 million, making it the 5th largest holding in their investment portfolio.
• Goldman Sachs Group Inc. significantly increased its stake in Invesco QQQ by 959.6%, now owning over 24 million shares valued at around $11.3 billion.
• Invesco QQQ recently announced a quarterly dividend of $0.5911 per share, representing a 0.4% dividend yield with an annualized amount of $2.36.

Alight Capital Management LP acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,000 shares of the exchange traded fund's stock, valued at approximately $11,723,000. Invesco QQQ accounts for about 5.4% of Alight Capital Management LP's holdings, making the stock its 5th biggest position.

Several other institutional investors also recently bought and sold shares of QQQ. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the first quarter worth $51,000. Blume Capital Management Inc. lifted its position in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after purchasing an additional 2,536 shares in the last quarter. Atlantic Private Wealth LLC lifted its position in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 120 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth $67,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.9%

Shares of NASDAQ QQQ traded up $5.16 during trading on Thursday, reaching $575.23. 47,304,907 shares of the stock were exchanged, compared to its average volume of 43,876,056. The business's 50-day moving average price is $564.69 and its 200 day moving average price is $518.35. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.