Invesco QQQ $QQQ Shares Sold by Sassicaia Capital Advisers LLC

Key Points

• Sassicaia Capital Advisers LLC reduced its stake in Invesco QQQ by 68.6%, now holding 1,757 shares valued at $824,000, making it the fund's 10th largest holding.
• Several institutional investors increased their stakes in Invesco QQQ, with AQR Capital Management LLC growing its position by 122.6% during the last quarter.
• The Invesco QQQ stock remains volatile, trading between a fifty-two week low of $402.39 and a high of $583.32, with a recent opening price of $570.40.

Sassicaia Capital Advisers LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 68.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,757 shares of the exchange traded fund's stock after selling 3,843 shares during the period. Invesco QQQ accounts for approximately 3.0% of Sassicaia Capital Advisers LLC's portfolio, making the stock its 10th largest position. Sassicaia Capital Advisers LLC's holdings in Invesco QQQ were worth $824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. Goldman Sachs Group Inc. raised 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 buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. purchased a new position in Invesco QQQ during the first quarter worth about $2,775,904,000. NWI Management LP raised its holdings in Invesco QQQ by 121.6% during the fourth 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 raised its holdings in Invesco QQQ by 55,795.2% during the first 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 position in Invesco QQQ during the first quarter worth about $474,600,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.2%

NASDAQ QQQ traded down $6.68 during trading hours on Monday, hitting $570.40. 55,870,652 shares of the stock were exchanged, compared to its average volume of 44,778,712. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32. The stock has a 50-day moving average of $562.24 and a 200 day moving average of $517.17.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.