Invesco QQQ $QQQ Stake Raised by Anchor Investment Management LLC

Key Points

• Anchor Investment Management LLC has increased its stake in Invesco QQQ by 1.7%, now owning 41,755 shares valued at approximately $19.58 million.
• In the 1st quarter, hedge funds such as Goldman Sachs and GAMMA Investing LLC made significant purchases, boosting their holdings in Invesco QQQ by up to 959.6% and 55,795.2%, respectively.
• Invesco QQQ announced a quarterly dividend of $0.5911 per share, resulting in an annualized dividend yield of 0.4%.

Anchor Investment Management LLC grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,755 shares of the exchange traded fund's stock after purchasing an additional 680 shares during the period. Invesco QQQ comprises approximately 1.8% of Anchor Investment Management LLC's investment portfolio, making the stock its 7th largest holding. Anchor Investment Management LLC's holdings in Invesco QQQ were worth $19,580,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of QQQ. Goldman Sachs Group Inc. boosted its position in 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 worth $11,300,023,000 after purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. purchased a new stake in Invesco QQQ in the 1st quarter worth approximately $2,775,904,000. NWI Management LP boosted its position in Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC boosted its position in Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Finally, Spear Holdings RSC Ltd purchased a new stake in Invesco QQQ in the 1st quarter worth approximately $474,600,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.3%

Shares of NASDAQ:QQQ opened at $580.51 on Wednesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $583.32. The business's 50 day moving average price is $566.46 and its 200-day moving average price is $519.13.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. 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.

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