Capital Advantage Inc. Sells 488 Shares of Invesco QQQ $QQQ

Key Points

• Capital Advantage Inc. decreased its stake in Invesco QQQ by 29.7%, selling 488 shares and bringing its total holdings to 1,156 shares valued at $638,000.
• Institutional investors now own approximately 44.58% of Invesco QQQ, with several funds increasing their positions significantly during the same quarter.
• Invesco QQQ's recent quarterly dividend was $0.5911 per share, resulting in an annualized yield of 0.4%.

Capital Advantage Inc. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,156 shares of the exchange traded fund's stock after selling 488 shares during the quarter. Capital Advantage Inc.'s holdings in Invesco QQQ were worth $638,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in QQQ. Kingstone Capital Partners Texas LLC lifted 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 worth $37,299,340,000 after purchasing an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. grew its stake 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 buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. acquired a new position in Invesco QQQ in the 1st quarter valued at $2,775,904,000. GAMMA Investing LLC grew its stake 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 buying an additional 1,868,580 shares during the last quarter. Finally, Spear Holdings RSC Ltd bought a new stake in Invesco QQQ during the first quarter valued at about $474,600,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.3%

QQQ stock traded down $1.69 during mid-day trading on Tuesday, reaching $600.51. 26,512,088 shares of the stock traded hands, compared to its average volume of 45,522,160. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $602.87. The business has a 50-day moving average of $573.11 and a two-hundred day moving average of $524.79.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend 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.