Kieckhefer Group LLC Purchases 1,450 Shares of Invesco QQQ $QQQ

Key Points

• Kieckhefer Group LLC increased its stake in Invesco QQQ by 11.8%, owning 13,745 shares valued at approximately $7.58 million at the end of the second quarter.
• Invesco QQQ recently declared a quarterly dividend of $0.694 per share, raising its annualized yield to 0.5% from the previous $0.59.
• As of now, 44.58% of Invesco QQQ's stock is owned by institutional investors, with several hedge funds recently adjusting their positions in the ETF.

Kieckhefer Group LLC lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,745 shares of the exchange traded fund's stock after purchasing an additional 1,450 shares during the quarter. Invesco QQQ accounts for 4.1% of Kieckhefer Group LLC's portfolio, making the stock its 4th largest position. Kieckhefer Group LLC's holdings in Invesco QQQ were worth $7,582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Kingstone Capital Partners Texas LLC grew its position in shares of Invesco QQQ by 704,593.7% in the 2nd 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 acquiring an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. boosted its stake 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 during the period. Mullooly Asset Management Inc. purchased a new position in Invesco QQQ in the 1st quarter worth $2,775,904,000. GAMMA Investing LLC increased its position in shares of 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 valued at $8,777,850,000 after buying an additional 1,868,580 shares during the period. Finally, Spear Holdings RSC Ltd purchased a new stake in Invesco QQQ during the 1st quarter valued at $474,600,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.5%

NASDAQ QQQ traded up $2.85 during trading hours on Monday, reaching $602.20. The company's stock had a trading volume of 57,065,386 shares, compared to its average volume of 47,450,008. The firm's 50-day moving average price is $573.11 and its 200-day moving average price is $524.79. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $602.87.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. 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.