Invesco QQQ $QQQ Shares Acquired by Kestra Investment Management LLC

Key Points

• Kestra Investment Management LLC significantly increased its holdings in Invesco QQQ by 855.5% during the first quarter, bringing its total to 3,411 shares worth approximately $1.6 million.
• Other large investors have also expanded their stakes, with Talon Private Wealth LLC growing its investment by 1,763.6% to own 9,113 shares valued at about $4.3 million.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, which reflects an annualized yield of 0.4% based on a stock price of $576.06.

Kestra Investment Management LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 855.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,411 shares of the exchange traded fund's stock after purchasing an additional 3,054 shares during the period. Kestra Investment Management LLC's holdings in Invesco QQQ were worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of 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 buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new position in Invesco QQQ in the first quarter valued at approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. boosted its position 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 worth $1,501,063,000 after purchasing an additional 52,234 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Invesco QQQ by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock worth $1,163,036,000 after purchasing an additional 54,944 shares during the period. Finally, GAMMA Investing LLC increased its holdings 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 purchasing an additional 1,868,580 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded up $1.64 during trading hours on Tuesday, hitting $580.51. The stock had a trading volume of 43,715,098 shares, compared to its average volume of 46,346,500. The firm has a 50-day moving average price of $566.46 and a 200 day moving average price of $519.13. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders 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%.

Invesco QQQ 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.