Invesco QQQ $QQQ Shares Acquired by Pure Financial Advisors LLC

Key Points

• Pure Financial Advisors LLC increased its position in Invesco QQQ by 8.6%, acquiring an additional 1,335 shares, bringing its total holdings to 16,919 shares worth approximately $9.33 million.
• Goldman Sachs significantly expanded its stake in Invesco QQQ by 959.6%, now owning over 24 million shares valued at $11.3 billion.
• Invesco QQQ recently declared an increase in its quarterly dividend to $0.694 per share, yielding approximately 0.5%, with the previous dividend being $0.59.

Pure Financial Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,919 shares of the exchange traded fund's stock after purchasing an additional 1,335 shares during the quarter. Pure Financial Advisors LLC's holdings in Invesco QQQ were worth $9,333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC grew its stake in shares of Invesco QQQ by 704,593.7% during the 2nd 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. grew 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 acquiring an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ in the 1st quarter valued at $2,775,904,000. Northwestern Mutual Wealth Management Co. grew 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 acquiring an additional 52,234 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in Invesco QQQ by 2.3% in 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 acquiring an additional 54,944 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $605.73 on Friday. The company's fifty day moving average price is $579.12 and its 200 day moving average price is $530.93. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $607.16.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. 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.

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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