MGO Private Wealth LLC Decreases Stock Holdings in Invesco QQQ $QQQ

MGO Private Wealth LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 27.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,391 shares of the exchange traded fund's stock after selling 904 shares during the quarter. Invesco QQQ comprises about 0.8% of MGO Private Wealth LLC's investment portfolio, making the stock its 28th biggest holding. MGO Private Wealth LLC's holdings in Invesco QQQ were worth $1,319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC raised its stake in Invesco QQQ by 704,593.7% during 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 buying an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. increased its position in 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 acquiring an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. bought a new position in Invesco QQQ in the first quarter valued at about $2,775,904,000. Spear Holdings RSC Ltd purchased a new position in Invesco QQQ in the first quarter worth about $474,600,000. Finally, Altimeter Capital Management LP bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $463,293,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.4%

NASDAQ QQQ opened at $603.18 on Monday. The company has a 50-day moving average price of $579.85 and a 200-day moving average price of $532.54. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $607.33.

Invesco QQQ Increases Dividend

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

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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