Invesco QQQ $QQQ Shares Purchased by Gill Capital Partners LLC

Key Points

• Gill Capital Partners LLC increased its holdings in Invesco QQQ by 2.6%, owning 20,949 shares valued at approximately $11.56 million as of the latest SEC filing.
• Invesco QQQ recently announced a quarterly dividend of $0.694 per share, an increase from its previous dividend of $0.59, reflecting a 0.5% yield.
• As of now, 44.58% of Invesco QQQ's stock is owned by institutional investors and hedge funds, with several firms reporting notable increases in their positions during the first quarter.

Gill Capital Partners LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,949 shares of the exchange traded fund's stock after purchasing an additional 539 shares during the quarter. Invesco QQQ accounts for about 3.7% of Gill Capital Partners LLC's portfolio, making the stock its 7th biggest position. Gill Capital Partners LLC's holdings in Invesco QQQ were worth $11,556,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. GSG Advisors LLC raised its holdings in shares of Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after acquiring an additional 585 shares during the period. Amundi increased its holdings in Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock worth $49,980,000 after purchasing an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC raised its stake in shares of Invesco QQQ by 8.6% in the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock valued at $9,428,000 after purchasing an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. lifted its holdings in shares of Invesco QQQ by 8.4% in the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock valued at $3,649,000 after purchasing an additional 605 shares in the last quarter. Finally, AM Investment Strategies LLC boosted its position in shares of Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund's stock worth $904,000 after buying an additional 612 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $606.43 on Thursday. The business's 50 day simple moving average is $589.20 and its 200 day simple moving average is $543.59. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%.

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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