Clarus Group Inc. Acquires 922 Shares of Invesco QQQ $QQQ

Key Points

• Clarus Group Inc. increased its stake in Invesco QQQ by 85.1% in the 2nd quarter, acquiring 922 additional shares to reach a total of 2,005 shares valued at $1,106,000.
• Other institutional investors, including Kingstone Capital Partners and Goldman Sachs, significantly expanded their holdings in Invesco QQQ during the same period.
• Invesco QQQ is set to increase its quarterly dividend to $0.694 per share, up from the previous $0.59, reflecting a positive return for shareholders.

Clarus Group Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 85.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,005 shares of the exchange traded fund's stock after acquiring an additional 922 shares during the quarter. Clarus Group Inc.'s holdings in Invesco QQQ were worth $1,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC grew its stake 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 acquiring an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. grew its stake 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 worth $11,300,023,000 after purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new position in Invesco QQQ in the first quarter worth approximately $2,775,904,000. GAMMA Investing LLC grew its stake 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 purchasing an additional 1,868,580 shares in the last quarter. Finally, Spear Holdings RSC Ltd bought a new position in Invesco QQQ in the first quarter worth approximately $474,600,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ opened at $596.10 on Thursday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $602.87. The business'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 announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. This is a positive change 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 yield of 0.5%.

Invesco QQQ Company 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.

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