Invesco QQQ $QQQ Holdings Lowered by Anchor Capital Management Group Inc

Key Points

• Anchor Capital Management Group Inc reduced its holdings in Invesco QQQ by 12.1%, selling 31,000 shares, while still holding over $123 million worth of the ETF, making it their largest investment position.
• Significant increases in holdings were made by other institutional investors, with Kingstone Capital Partners boosting its stake by 704,593.7% and Goldman Sachs raising theirs by 959.6% in previous quarters.
• Invesco QQQ announced a quarterly dividend of $0.694 per share, representing an increase from the previous dividend and yielding an annualized return of approximately 0.4% for shareholders.

Anchor Capital Management Group Inc reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,775 shares of the exchange traded fund's stock after selling 31,000 shares during the quarter. Invesco QQQ comprises 57.7% of Anchor Capital Management Group Inc's investment portfolio, making the stock its biggest position. Anchor Capital Management Group Inc's holdings in Invesco QQQ were worth $123,995,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of QQQ. Kingstone Capital Partners Texas LLC increased its holdings in shares of Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund's stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Invesco QQQ by 959.6% during the 1st 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 acquiring an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new stake in shares of Invesco QQQ during the first quarter valued at approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. boosted its position in Invesco QQQ by 1.7% during the 1st 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 grew its stake in shares of Invesco QQQ by 2.3% in the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock worth $1,163,036,000 after purchasing an additional 54,944 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $617.10 on Friday. The business has a 50 day moving average of $590.61 and a 200 day moving average of $546.26. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $618.42.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59.

Invesco QQQ 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.

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