Invesco QQQ $QQQ is Kingstone Capital Partners Texas LLC's 5th Largest Position

Key Points

• Kingstone Capital Partners Texas LLC significantly increased its holdings in Invesco QQQ by 704,593.7%, making it the firm's 5th largest position with 67,615,365 shares worth approximately $37.3 billion as of its latest SEC filing.
• Institutional investors collectively own 44.58% of Invesco QQQ, indicating strong support and interest from large investment entities.
• Invesco QQQ's recent quarterly dividend was $0.5911 per share, representing an annualized dividend of $2.36 with a dividend yield of 0.4%.

Kingstone Capital Partners Texas LLC lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 704,593.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,615,365 shares of the exchange traded fund's stock after buying an additional 67,605,770 shares during the quarter. Invesco QQQ makes up 5.0% of Kingstone Capital Partners Texas LLC's investment portfolio, making the stock its 5th largest holding. Kingstone Capital Partners Texas LLC owned approximately 10.62% of Invesco QQQ worth $37,299,340,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in QQQ. Goldman Sachs Group Inc. raised its stake in shares of Invesco QQQ by 959.6% in 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 acquiring an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new stake in Invesco QQQ in the 1st quarter worth about $2,775,904,000. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco QQQ by 1.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund's stock worth $1,501,063,000 after purchasing an additional 52,234 shares in the last quarter. Commonwealth Equity Services LLC increased its position 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 valued at $1,163,036,000 after acquiring an additional 54,944 shares during the period. Finally, GAMMA Investing LLC lifted its position in Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after acquiring an additional 1,868,580 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded up $4.03 during trading hours on Friday, reaching $599.35. 58,129,765 shares of the company were exchanged, compared to its average volume of 47,115,312. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $600.05. The stock's 50-day moving average is $572.19 and its 200-day moving average is $523.77.

Invesco QQQ Cuts Dividend

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

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.