Invesco QQQ $QQQ Shares Bought by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC increased its stake in Invesco QQQ by 50.5%, owning 4,558 shares valued at approximately $2,137,000 after purchasing an additional 1,530 shares.
• Goldman Sachs Group Inc. significantly expanded its position in Invesco QQQ by 959.6%, acquiring over 21 million additional shares valued at approximately $11.3 billion during the first quarter.
• Invesco QQQ recently announced a quarterly dividend of $0.5911 per share, reflecting an annualized dividend yield of 0.4%.

Great Lakes Advisors LLC grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 50.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,558 shares of the exchange traded fund's stock after purchasing an additional 1,530 shares during the period. Great Lakes Advisors LLC's holdings in Invesco QQQ were worth $2,137,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew 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 valued at $11,300,023,000 after buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new position in shares of Invesco QQQ in the first quarter worth about $2,775,904,000. NWI Management LP boosted its stake in shares of Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. Finally, Spear Holdings RSC Ltd acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at about $474,600,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.0%

NASDAQ QQQ opened at $580.70 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.77. The stock has a 50-day moving average of $567.06 and a 200 day moving average of $519.55.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders 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 dividend yield of 0.4%.

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.

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