Goldstone Financial Group LLC Raises Holdings in Invesco QQQ $QQQ

Key Points

• Goldstone Financial Group LLC increased its position in Invesco QQQ by 2.4%, acquiring an additional 1,442 shares during the second quarter, bringing its total to 61,653 shares worth approximately $34.3 million.
• Invesco QQQ's dividend yield is currently 0.4%, following a recent quarterly dividend payment of $0.5911 per share.
• Institutional investors and hedge funds collectively hold 44.58% of Invesco QQQ shares, indicating significant interest from larger financial entities.

Goldstone Financial Group LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,653 shares of the exchange traded fund's stock after buying an additional 1,442 shares during the period. Invesco QQQ makes up 4.5% of Goldstone Financial Group LLC's portfolio, making the stock its 2nd biggest position. Goldstone Financial Group LLC's holdings in Invesco QQQ were worth $34,293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of QQQ. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter valued at approximately $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the 1st quarter valued at $51,000. Blume Capital Management Inc. lifted its position in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Atlantic Private Wealth LLC lifted its position in shares of Invesco QQQ by 3,000.0% during the 1st 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. Finally, Putney Financial Group LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth $67,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ traded up $5.02 on Monday, reaching $591.68. The stock had a trading volume of 44,232,160 shares, compared to its average volume of 46,867,568. The firm has a 50-day moving average of $569.03 and a 200-day moving average of $521.27. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $591.79.

Invesco QQQ Cuts Dividend

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

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.