Invesco QQQ $QQQ is Second Half Financial Partners LLC's 8th Largest Position

Key Points

• Second Half Financial Partners LLC increased its stake in Invesco QQQ by 9.3% in Q2, making it the firm's 8th largest position, valued at approximately $3.7 million.
• Invesco QQQ recently declared a quarterly dividend of $0.694 per share, up from the previous $0.59, reflecting a yield of 0.5%.
• Major institutional investors, including Kinstone Capital Partners with a 704,593.7% increase and Goldman Sachs with a 959.6% stake increase, have recently boosted their holdings in Invesco QQQ.

Second Half Financial Partners LLC boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,721 shares of the exchange traded fund's stock after purchasing an additional 573 shares during the period. Invesco QQQ comprises 1.7% of Second Half Financial Partners LLC's investment portfolio, making the stock its 8th biggest position. Second Half Financial Partners LLC's holdings in Invesco QQQ were worth $3,708,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its stake in Invesco QQQ by 704,593.7% in the 2nd 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 purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Invesco QQQ by 959.6% in 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 purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. purchased a new position in Invesco QQQ in the 1st quarter valued at approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. increased 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 valued at $1,501,063,000 after purchasing an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Invesco QQQ by 2.3% during the 1st 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 last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $589.55 on Monday. The stock has a fifty day moving average of $583.89 and a two-hundred day moving average of $536.68. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 a positive change from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%.

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.

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