Carr Financial Group Corp Buys 3,210 Shares of Invesco QQQ $QQQ

Key Points

• Carr Financial Group Corp increased its stake in Invesco QQQ by 22.4% in Q2, acquiring an additional 3,210 shares, bringing its total holdings to 17,512 shares worth approximately $9.66 million.
• Invesco QQQ recently announced a quarterly dividend of $0.694 per share, marking an increase from the previous dividend of $0.59, resulting in a 0.5% yield.
• Several large investors significantly increased their holdings in Invesco QQQ, with Kingstone Capital Partners raising its stake by an astonishing 704,593.7%.

Carr Financial Group Corp raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,512 shares of the exchange traded fund's stock after buying an additional 3,210 shares during the quarter. Invesco QQQ comprises about 2.9% of Carr Financial Group Corp's investment portfolio, making the stock its 9th biggest position. Carr Financial Group Corp's holdings in Invesco QQQ were worth $9,660,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC grew its holdings in Invesco QQQ by 704,593.7% during 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 buying an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. grew 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 buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ during the 1st quarter valued at $2,775,904,000. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco QQQ by 1.7% during 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 last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings 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 worth $1,163,036,000 after purchasing an additional 54,944 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ stock opened at $596.10 on Thursday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $602.87. The stock's fifty day simple moving average is $574.71 and its 200-day simple moving average is $525.78.

Invesco QQQ Increases Dividend

The firm also recently disclosed 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 represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.