Callan Family Office LLC Acquires 3,275 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Points

• Callan Family Office LLC increased its holdings in Invesco QQQ by 87.1%, acquiring 3,275 additional shares to reach a total of 7,037 shares worth $3.3 million.
• Multiple institutional investors, including Bridge Generations Wealth Management and Marshall & Sterling Wealth Advisors, have also purchased new stakes in Invesco QQQ, with institutional ownership now at 44.58%.
• Invesco QQQ shares opened at $572.85 and recently announced a quarterly dividend of $0.5911 per share, translating to an annual yield of 0.4%.

Callan Family Office LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 87.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,037 shares of the exchange traded fund's stock after acquiring an additional 3,275 shares during the period. Callan Family Office LLC's holdings in Invesco QQQ were worth $3,300,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Goldman Sachs Group Inc. grew 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 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 in the 1st quarter worth approximately $2,775,904,000. NWI Management LP grew 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 worth $331,277,000 after buying an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC grew 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 worth $8,777,850,000 after buying an additional 1,868,580 shares during the last quarter. Finally, Senator Investment Group LP bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $679,936,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $7.20 during trading hours on Tuesday, reaching $580.05. The company's stock had a trading volume of 42,061,779 shares, compared to its average volume of 44,394,500. Invesco QQQ has a one year low of $402.39 and a one year high of $580.35. The firm's fifty day simple moving average is $551.05 and its 200 day simple moving average is $512.86.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders 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 annualized dividend 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.