Caxton Associates LLP Makes New $1.69 Million Investment in Invesco QQQ $QQQ

Key Points

• Caxton Associates LLP has purchased 3,612 shares of Invesco QQQ, valued at approximately $1.7 million, marking a new investment position in the fund.
• Institutional ownership of Invesco QQQ is significant, with 44.58% of the company's stock held by hedge funds and other institutional investors, highlighting strong interest in the ETF.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, resulting in a dividend yield of 0.4%, reflecting the fund's ongoing commitment to returning value to shareholders.

Caxton Associates LLP acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,612 shares of the exchange traded fund's stock, valued at approximately $1,694,000.

A number of other institutional investors have also recently made changes to their positions in QQQ. Goldman Sachs Group Inc. boosted its holdings in Invesco QQQ by 959.6% in the first 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 acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new stake in shares of Invesco QQQ in the first quarter worth approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco QQQ by 1.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund's stock worth $1,501,063,000 after buying an additional 52,234 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock worth $1,163,036,000 after acquiring an additional 54,944 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Invesco QQQ by 55,795.2% in the first 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 in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.3%

Shares of QQQ stock traded up $1.64 on Tuesday, hitting $580.51. 43,715,098 shares of the stock traded hands, compared to its average volume of 46,346,500. The firm has a 50 day simple moving average of $566.46 and a two-hundred day simple moving average of $519.13. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.