Addison Capital Co Raises Stock Holdings in Invesco QQQ $QQQ

Key Points

• Addison Capital Co increased its holdings in Invesco QQQ by 48.9% in the first quarter, now owning $1.43 million worth of the ETF.
• Several other institutional investors have also made significant changes to their positions in Invesco QQQ, with 44.58% of the stock owned by institutional investors.
• The recent quarterly dividend declared for Invesco QQQ was $0.5911, yielding 0.4% annually, with the ex-dividend date set for June 23rd.

Addison Capital Co grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 48.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,047 shares of the exchange traded fund's stock after buying an additional 1,001 shares during the quarter. Addison Capital Co's holdings in Invesco QQQ were worth $1,429,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Goldman Sachs Group Inc. boosted 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 buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new stake in Invesco QQQ during the first quarter worth approximately $2,775,904,000. NWI Management LP lifted its stake in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC lifted its stake in Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. Finally, Spear Holdings RSC Ltd purchased a new stake in Invesco QQQ during the first quarter worth approximately $474,600,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ stock traded up $2.58 during trading on Friday, hitting $586.66. 50,702,733 shares of the company's stock were exchanged, compared to its average volume of 46,804,284. The business has a 50-day moving average price of $568.24 and a two-hundred day moving average price of $520.50. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $587.86.

Invesco QQQ Cuts Dividend

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

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.