Invesco QQQ $QQQ Shares Acquired by Journey Advisory Group LLC

Key Points

• Journey Advisory Group LLC increased its holdings in Invesco QQQ by 12.5% during the 2nd quarter, owning a total of 7,775 shares valued at approximately $4.29 million.
• Kingstone Capital Partners Texas LLC significantly boosted its position in Invesco QQQ by 704,593.7%, now owning over 67.6 million shares worth around $37.3 billion.
• Invesco QQQ announced an increase in its quarterly dividend to $0.694 per share, representing an annualized yield of 0.5%, with the payment scheduled for October 31st.

Journey Advisory Group LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,775 shares of the exchange traded fund's stock after purchasing an additional 866 shares during the quarter. Journey Advisory Group LLC's holdings in Invesco QQQ were worth $4,289,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Kingstone Capital Partners Texas LLC grew its position 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 valued at $37,299,340,000 after purchasing an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in 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 worth $11,300,023,000 after acquiring an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ during the first quarter worth approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. boosted its position in 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 worth $1,501,063,000 after acquiring an additional 52,234 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in 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 worth $1,163,036,000 after acquiring an additional 54,944 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $603.93 on Monday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The firm's 50 day moving average price is $587.30 and its 200 day moving average price is $541.36.

Invesco QQQ Increases Dividend

The company also recently announced 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. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.