KilterHowling LLC Has $20.21 Million Position in Invesco QQQ $QQQ

Key Points

• KilterHowling LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 2.6%, now holding 41,391 shares valued at approximately $20.2 million.
• Other institutional investors also made moves, with notable increases including Blume Capital Management, which raised its holdings by 105% in the first quarter.
• The latest quarterly dividend paid was $0.5911, resulting in an annualized dividend of $2.36 and a 0.4% dividend yield.

KilterHowling LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,391 shares of the exchange traded fund's stock after purchasing an additional 1,051 shares during the period. Invesco QQQ accounts for approximately 13.1% of KilterHowling LLC's portfolio, making the stock its 4th biggest position. KilterHowling LLC's holdings in Invesco QQQ were worth $20,211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $36,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter worth approximately $51,000. Banque Transatlantique SA acquired a new position in shares of Invesco QQQ during the 4th quarter worth $57,000. Finally, Blume Capital Management Inc. increased its stake in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after purchasing an additional 2,536 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.6%

Shares of Invesco QQQ stock traded up $3.59 during midday trading on Thursday, reaching $577.08. 46,700,719 shares of the company's stock traded hands, compared to its average volume of 46,338,520. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32. The company's 50 day simple moving average is $561.37 and its 200 day simple moving average is $517.09.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued 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%.

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.