Full Sail Capital LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 287.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,622 shares of the exchange traded fund's stock after acquiring an additional 4,170 shares during the quarter. Full Sail Capital LLC's holdings in Invesco QQQ were worth $2,636,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of QQQ. Goldman Sachs Group Inc. boosted its position in shares of Invesco QQQ by 959.6% during 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 last quarter. Mullooly Asset Management Inc. bought a new stake in Invesco QQQ in the 1st quarter worth approximately $2,775,904,000. NWI Management LP lifted its position in Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after buying an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC lifted its position in Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares during the last quarter. Finally, Spear Holdings RSC Ltd bought a new stake in Invesco QQQ in the 1st quarter worth approximately $474,600,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
NASDAQ:QQQ traded up $3.59 during mid-day trading on Thursday, reaching $577.08. The stock had a trading volume of 46,342,947 shares, compared to its average volume of 44,875,492. The firm has a 50 day moving average price of $560.41 and a two-hundred day moving average price of $516.76. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given 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%.
About Invesco QQQ
(
Free Report)
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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