Astoria Portfolio Advisors LLC. Has $3.41 Million Holdings in Invesco QQQ $QQQ

Key Points

• Astoria Portfolio Advisors LLC increased its holdings in Invesco QQQ by 17.9% during Q2, now owning 6,041 shares valued at approximately $3.41 million.
• Other large investors, including Goldman Sachs and Kingstone Capital Partners, significantly raised their stakes in Invesco QQQ, reflecting strong institutional interest with 44.58% of the stock owned by institutional investors.
• Invesco QQQ announced an increased quarterly dividend of $0.694 per share, up from $0.59, signaling a commitment to returning value to shareholders.

Astoria Portfolio Advisors LLC. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,041 shares of the exchange traded fund's stock after buying an additional 917 shares during the quarter. Invesco QQQ comprises 1.0% of Astoria Portfolio Advisors LLC.'s investment portfolio, making the stock its 19th largest holding. Astoria Portfolio Advisors LLC.'s holdings in Invesco QQQ were worth $3,413,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund's stock worth $37,299,340,000 after buying an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco QQQ by 959.6% during the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock worth $11,300,023,000 after buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco QQQ by 1.7% during the first 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 purchasing an additional 52,234 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of Invesco QQQ by 2.3% during the first 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 purchasing an additional 54,944 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ opened at $602.01 on Tuesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The stock's 50 day simple moving average is $584.64 and its 200-day simple moving average is $537.61.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, September 22nd.

About Invesco QQQ

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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