Focus Partners Advisor Solutions LLC Purchases 2,772 Shares of Invesco QQQ $QQQ

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Invesco QQQ by 10.5% in the first quarter, acquiring an additional 2,772 shares, bringing their total holdings to 29,211 shares valued at approximately $13.7 million.
• Goldman Sachs Group Inc. significantly boosted its position in Invesco QQQ by 959.6%, now owning over 24 million shares valued at $11.3 billion after acquiring nearly 22 million additional shares.
• Invesco QQQ recently announced a quarterly dividend of $0.5911 per share, reflecting a dividend yield of 0.4% and an annualized dividend of $2.36.

Focus Partners Advisor Solutions LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,211 shares of the exchange traded fund's stock after purchasing an additional 2,772 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Invesco QQQ were worth $13,698,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new stake in Invesco QQQ during the first quarter worth approximately $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ in the first quarter valued at $51,000. Banque Transatlantique SA bought a new stake in Invesco QQQ in the fourth quarter valued at about $57,000. Blume Capital Management Inc. grew its stake in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC grew its position in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after acquiring an additional 120 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $4.45 on Wednesday, reaching $570.07. The company's stock had a trading volume of 54,107,185 shares, compared to its average volume of 42,395,224. The business's fifty day moving average price is $563.53 and its 200 day moving average price is $517.73. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.32.

Invesco QQQ Cuts Dividend

The business also recently announced 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.

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.