Invesco QQQ $QQQ Shares Purchased by NTV Asset Management LLC

Key Points

• NTV Asset Management LLC increased its holdings in Invesco QQQ by 2.1% in Q2, owning 83,231 shares worth approximately $45.9 million.
• Institutional investors now own 44.58% of Invesco QQQ, with significant increases in shares from firms like Kingstone Capital Partners and Goldman Sachs.
• Invesco QQQ announced a dividend increase, with shareholders receiving $0.694 per share on October 31, up from the previous $0.59.

NTV Asset Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 83,231 shares of the exchange traded fund's stock after acquiring an additional 1,734 shares during the period. Invesco QQQ makes up about 5.5% of NTV Asset Management LLC's holdings, making the stock its 2nd largest position. NTV Asset Management LLC's holdings in Invesco QQQ were worth $45,914,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund's stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco QQQ by 959.6% in 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 purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $2,775,904,000. Spear Holdings RSC Ltd bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $474,600,000. Finally, Altimeter Capital Management LP bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $463,293,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ stock opened at $603.18 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $607.33. The stock's 50 day moving average is $579.85 and its 200-day moving average is $532.17.

Invesco QQQ Increases Dividend

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

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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