Quadcap Wealth Management LLC Increases Stock Holdings in Invesco QQQ $QQQ

Key Points

• Quadcap Wealth Management LLC increased its stake in Invesco QQQ by 3.1%, owning a total of 18,235 shares valued at approximately $8.55 million.
• Goldman Sachs Group Inc. significantly raised its holdings in Invesco QQQ by 959.6%, acquiring an additional 21.8 million shares worth $11.3 billion.
• Invesco QQQ's dividend was disclosed at $0.5911 per share, translating to an annualized yield of 0.4%.

Quadcap Wealth Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,235 shares of the exchange traded fund's stock after acquiring an additional 543 shares during the quarter. Invesco QQQ comprises approximately 1.2% of Quadcap Wealth Management LLC's portfolio, making the stock its 12th biggest holding. Quadcap Wealth Management LLC's holdings in Invesco QQQ were worth $8,551,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of QQQ. Goldman Sachs Group Inc. raised its position in 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 worth $11,300,023,000 after acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. purchased a new position in shares of Invesco QQQ in the first quarter valued at $2,775,904,000. NWI Management LP increased its position in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after buying an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after buying an additional 1,868,580 shares in the last quarter. Finally, Spear Holdings RSC Ltd purchased a new position in shares of Invesco QQQ in the first quarter valued at $474,600,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.2%

Shares of QQQ stock traded up $0.88 during mid-day trading on Wednesday, reaching $573.49. The stock had a trading volume of 36,686,193 shares, compared to its average volume of 46,663,848. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32. The business has a 50-day simple moving average of $560.41 and a 200 day simple moving average of $516.76.

Invesco QQQ Cuts Dividend

The company also recently declared 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.