AlTi Global Inc. Boosts Holdings in Invesco QQQ $QQQ

Key Points

• AlTi Global Inc. increased its stake in Invesco QQQ by 5.8%, owning a total of 28,038 shares valued at $13.17 million after acquiring an additional 1,539 shares.
• Shares of Invesco QQQ opened at $565.62, with a one-year range between $402.39 and $583.32, reflecting a 0.8% decrease in value.
• The company declared a quarterly dividend of $0.5911, representing a 0.4% yield, which was paid on July 31 to investors of record.

AlTi Global Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,038 shares of the exchange traded fund's stock after buying an additional 1,539 shares during the quarter. AlTi Global Inc.'s holdings in Invesco QQQ were worth $13,166,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position 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. purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $2,775,904,000. NWI Management LP increased its position in shares of Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $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 shares of Invesco QQQ in the 1st quarter valued at approximately $474,600,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.9%

Shares of NASDAQ:QQQ traded up $5.16 during trading hours on Thursday, reaching $575.23. The stock had a trading volume of 47,304,907 shares, compared to its average volume of 43,876,056. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $583.32. The firm's 50 day moving average is $564.69 and its 200-day moving average is $518.35.

Invesco QQQ Cuts Dividend

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

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.