Invesco QQQ $QQQ Holdings Increased by CMG Global Holdings LLC

Key Points

• CMG Global Holdings LLC increased its holdings in Invesco QQQ by 8.2%, now owning 16,131 shares valued at approximately $9.16 million.
• Institutional investments in Invesco QQQ have surged, with Kingstone Capital Partners increasing its stake by a remarkable 704,593.7% during the second quarter.
• Invesco QQQ recently raised its quarterly dividend to $0.694 per share, up from the previous $0.59, reflecting a yielding of 0.5% on an annualized basis.

CMG Global Holdings LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,131 shares of the exchange traded fund's stock after purchasing an additional 1,217 shares during the period. Invesco QQQ comprises approximately 4.9% of CMG Global Holdings LLC's holdings, making the stock its 3rd largest holding. CMG Global Holdings LLC's holdings in Invesco QQQ were worth $9,165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its stake in shares of Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund's stock valued at $37,299,340,000 after buying an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Invesco QQQ by 959.6% during 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 during the period. Mullooly Asset Management Inc. purchased a new position in shares of Invesco QQQ during the first quarter valued at $2,775,904,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco QQQ by 1.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund's stock valued at $1,501,063,000 after buying an additional 52,234 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock valued at $1,163,036,000 after buying an additional 54,944 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $603.93 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18. The stock's fifty day moving average price is $587.30 and its 200-day moving average price is $541.36.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

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.

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