Golden Reserve Retirement LLC Invests $36.01 Million in Invesco QQQ (NASDAQ:QQQ)

Key Points

• Golden Reserve Retirement LLC has invested approximately $36.01 million in Invesco QQQ, acquiring 76,866 shares, which constitutes 14.3% of its investment portfolio.
• Invesco QQQ's recent quarterly dividend is set at $0.5911 per share, translating to an annualized yield of 0.42%.
• Approximately 44.58% of Invesco QQQ shares are owned by hedge funds and other institutional investors, highlighting significant institutional interest.

Golden Reserve Retirement LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 76,866 shares of the exchange traded fund's stock, valued at approximately $36,014,000. Invesco QQQ accounts for approximately 14.3% of Golden Reserve Retirement LLC's investment portfolio, making the stock its 4th biggest position.

Several other institutional investors have also added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the 4th quarter valued at about $36,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ in the 4th quarter valued at about $57,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $11.13 on Friday, reaching $553.88. 69,249,870 shares of the stock were exchanged, compared to its average volume of 44,967,387. The firm's 50 day moving average is $543.12 and its 200-day moving average is $510.39. Invesco QQQ has a one year low of $402.39 and a one year high of $574.63.

Invesco QQQ Cuts Dividend

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