Cadent Capital Advisors LLC Purchases New Position in Invesco QQQ $QQQ

Key Points

• Cadent Capital Advisors LLC has acquired a new position in Invesco QQQ, purchasing 6,565 shares valued at approximately $3.62 million during the second quarter.
• Invesco QQQ's quarterly dividend was recently increased to $0.694 per share, up from $0.59, with the next payment scheduled for October 31st.
• Despite this investment interest, shares of Invesco QQQ have experienced a slight decrease, currently trading down by 0.4% with a recent price of $593.53.

Cadent Capital Advisors LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,565 shares of the exchange traded fund's stock, valued at approximately $3,621,000. Invesco QQQ comprises 1.2% of Cadent Capital Advisors LLC's holdings, making the stock its 24th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC boosted its holdings in Invesco QQQ by 704,593.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund's stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. boosted its holdings in 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 period. Mullooly Asset Management Inc. bought a new stake in Invesco QQQ in the 1st quarter valued at about $2,775,904,000. GAMMA Investing LLC boosted its holdings in 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 period. Finally, Spear Holdings RSC Ltd bought a new stake in Invesco QQQ in the 1st quarter valued at about $474,600,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.4%

Shares of Invesco QQQ stock opened at $593.53 on Friday. The company has a 50 day moving average of $575.35 and a 200-day moving average of $526.62. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $602.87.

Invesco QQQ Increases Dividend

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

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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