Intelligence Driven Advisers LLC Has $1.49 Million Stake in Invesco QQQ $QQQ

Key Points

• Intelligence Driven Advisers LLC increased its holdings in Invesco QQQ by 26.9% by purchasing an additional 572 shares, bringing their total to 2,701 shares valued at approximately $1.49 million.
• Goldman Sachs Group Inc. significantly boosted its stake in Invesco QQQ by 959.6%, acquiring over 21.8 million additional shares, resulting in a total ownership of over $11.3 billion.
• Invesco QQQ recently announced a quarterly dividend of $0.5911 per share, with a yield of 0.4% based on an annualized basis.

Intelligence Driven Advisers LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 26.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,701 shares of the exchange traded fund's stock after purchasing an additional 572 shares during the period. Intelligence Driven Advisers LLC's holdings in Invesco QQQ were worth $1,490,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Pines Wealth Management LLC bought a new stake in shares of Invesco QQQ during the 2nd quarter valued at $210,000. Sunpointe LLC bought a new stake in Invesco QQQ during the second quarter worth about $451,000. Towerpoint Wealth LLC bought a new stake in Invesco QQQ during the second quarter worth about $624,000. Sapient Capital LLC lifted its holdings in shares of Invesco QQQ by 27.6% during the 2nd quarter. Sapient Capital LLC now owns 9,280 shares of the exchange traded fund's stock worth $5,125,000 after acquiring an additional 2,006 shares during the period. Finally, Westshore Wealth LLC lifted its holdings in shares of Invesco QQQ by 2.8% during the 2nd quarter. Westshore Wealth LLC now owns 1,016 shares of the exchange traded fund's stock worth $560,000 after acquiring an additional 28 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $4.03 on Friday, hitting $599.35. 58,129,765 shares of the company's stock were exchanged, compared to its average volume of 47,115,312. The company has a 50 day moving average of $572.19 and a 200 day moving average of $523.62. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $600.05.

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 given a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

About Invesco QQQ

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.