Invesco QQQ $QQQ Holdings Raised by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its holdings in Invesco QQQ by 45.5%, acquiring an additional 490 shares, bringing its total to 1,567 shares valued at $735,000.
• Goldman Sachs Group Inc. significantly boosted its position in Invesco QQQ by 959.6%, acquiring over 21 million shares worth approximately $11.3 billion.
• Invesco QQQ recently declared a quarterly dividend of $0.5911, yielding 0.4%, which was paid on July 31st.

Trexquant Investment LP grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 45.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,567 shares of the exchange traded fund's stock after acquiring an additional 490 shares during the quarter. Trexquant Investment LP's holdings in Invesco QQQ were worth $735,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. Goldman Sachs Group Inc. boosted its holdings in shares of 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 valued at $11,300,023,000 after acquiring an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new stake in shares of Invesco QQQ during the first quarter valued at about $2,775,904,000. NWI Management LP raised its stake in shares of Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Finally, Spear Holdings RSC Ltd bought a new stake in shares of Invesco QQQ during the first quarter valued at about $474,600,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $2.81 during midday trading on Monday, reaching $578.87. 46,249,594 shares of the company traded hands, compared to its average volume of 45,683,576. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $583.32. The stock has a 50-day moving average price of $565.79 and a 200 day moving average price of $518.70.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend 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.