Talon Private Wealth LLC Grows Stock Position in Invesco QQQ $QQQ

Key Points

• Talon Private Wealth LLC significantly increased its position in Invesco QQQ by 1,763.6%, acquiring a total of 9,113 shares, which are now valued at approximately $4.3 million.
• Goldman Sachs also made a notable move, raising its stake in Invesco QQQ by 959.6%, now holding over 24 million shares worth $11.3 billion.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, yielding 0.4% annually.

Talon Private Wealth LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1,763.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,113 shares of the exchange traded fund's stock after buying an additional 8,624 shares during the quarter. Invesco QQQ accounts for about 0.6% of Talon Private Wealth LLC's portfolio, making the stock its 25th largest holding. Talon Private Wealth LLC's holdings in Invesco QQQ were worth $4,301,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position 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 in the last quarter. Mullooly Asset Management Inc. purchased a new stake in shares of Invesco QQQ during the first quarter worth approximately $2,775,904,000. NWI Management LP increased its position in shares of 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 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 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 shares of Invesco QQQ during the first quarter worth approximately $474,600,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.3%

Shares of QQQ traded up $1.64 during trading hours on Tuesday, hitting $580.51. 43,715,098 shares of the stock were exchanged, compared to its average volume of 46,346,500. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32. The stock's 50-day moving average price is $565.79 and its two-hundred day moving average price is $518.70.

Invesco QQQ Cuts Dividend

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