JB Capital LLC Buys 600 Shares of Invesco QQQ $QQQ

Key Points

• JB Capital LLC increased its ownership in Invesco QQQ by 2.0%, acquiring an additional 600 shares, bringing its total holdings to 29,976 shares worth approximately $16.5 million.
• Invesco QQQ's stock recently opened at $589.55 and has a one-year high of $613.18 and a low of $402.39.
• The company announced a quarterly dividend of $0.694 per share, up from the previous dividend of $0.59, reflecting a dividend yield of 0.5%.

JB Capital LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,976 shares of the exchange traded fund's stock after acquiring an additional 600 shares during the quarter. Invesco QQQ comprises approximately 0.8% of JB Capital LLC's portfolio, making the stock its 25th biggest position. JB Capital LLC's holdings in Invesco QQQ were worth $16,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of QQQ. Kingstone Capital Partners Texas LLC boosted its position in shares of Invesco QQQ by 704,593.7% during 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 buying an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Invesco QQQ by 959.6% during 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 stake in shares of Invesco QQQ during the first quarter valued at $2,775,904,000. Spear Holdings RSC Ltd purchased a new stake in shares of Invesco QQQ during the first quarter valued at $474,600,000. Finally, Altimeter Capital Management LP purchased a new stake in shares of Invesco QQQ during the first quarter valued at $463,293,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 3.5%

Invesco QQQ stock opened at $589.55 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18. The business's fifty day moving average is $583.89 and its 200 day moving average is $536.30.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd.

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.

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