Estate Counselors LLC Acquires Shares of 1,535 Invesco QQQ $QQQ

Key Points

• Estate Counselors LLC has acquired a new stake in Invesco QQQ, purchasing 1,535 shares valued at approximately $720,000 in the first quarter.
• Multiple institutional investors have also increased or initiated positions in Invesco QQQ, indicating growing interest in this exchange-traded fund.
• Invesco QQQ recently paid a quarterly dividend of $0.5911, translating to an annualized yield of 0.4%.

Estate Counselors LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,535 shares of the exchange traded fund's stock, valued at approximately $720,000.

A number of other hedge funds also recently made changes to their positions in QQQ. Goldman Sachs Group Inc. boosted its position 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 buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at $2,775,904,000. NWI Management LP grew its position in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC increased its holdings 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 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 valued at about $474,600,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $8.69 during midday trading on Friday, hitting $571.97. 51,413,030 shares of the stock were exchanged, compared to its average volume of 46,061,000. The business's 50-day moving average price is $557.92 and its 200 day moving average price is $515.81. Invesco QQQ has a 12 month low of $402.39 and a 12 month 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. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a 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.