Apeiron RIA LLC Buys New Position in Invesco QQQ $QQQ

Key Points

• Apeiron RIA LLC has acquired a new stake in Invesco QQQ, purchasing 540 shares valued at approximately $253,000.
• Goldman Sachs Group Inc. significantly increased its holdings in Invesco QQQ by 959.6% during the first quarter, now owning over 24 million shares valued at $11.3 billion.
• The Invesco QQQ recently disclosed a quarterly dividend of $0.5911, yielding 0.4%, but has seen a reduction in its overall dividend payments.

Apeiron RIA LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 540 shares of the exchange traded fund's stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in Invesco QQQ by 959.6% during 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 acquiring an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new position in shares of Invesco QQQ in the 1st quarter valued at about $2,775,904,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco QQQ by 1.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund's stock valued at $1,501,063,000 after buying an additional 52,234 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Invesco QQQ by 2.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock valued at $1,163,036,000 after buying an additional 54,944 shares during the period. Finally, GAMMA Investing LLC boosted its stake 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 buying an additional 1,868,580 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.6%

Shares of QQQ opened at $584.08 on Friday. The stock has a 50-day simple moving average of $567.63 and a 200-day simple moving average of $519.99. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $584.88.

Invesco QQQ Cuts Dividend

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

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