TFB Advisors LLC Increases Stake in Invesco QQQ $QQQ

Key Points

• TFB Advisors LLC increased its stake in Invesco QQQ by 12.5%, owning a total of 7,743 shares worth approximately $3.6 million as of the latest reporting period.
• Goldman Sachs Group Inc. significantly boosted its position in Invesco QQQ by 959.6%, now holding over 24 million shares valued around $11.3 billion.
• Invesco QQQ has experienced a dividend cut, with shareholders receiving a quarterly dividend of $0.5911 per share, reflecting an annualized yield of 0.4%.

TFB Advisors LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,743 shares of the exchange traded fund's stock after buying an additional 863 shares during the period. Invesco QQQ comprises about 1.0% of TFB Advisors LLC's investment portfolio, making the stock its 18th biggest holding. TFB Advisors LLC's holdings in Invesco QQQ were worth $3,631,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of 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 acquiring an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new position in shares of Invesco QQQ in the 1st quarter worth about $2,775,904,000. NWI Management LP increased its stake in shares of Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC increased its stake in Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Finally, Spear Holdings RSC Ltd bought a new stake in Invesco QQQ during the 1st quarter valued at about $474,600,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $569.28 on Wednesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32. The firm has a 50-day simple moving average of $555.76 and a two-hundred day simple moving average of $514.82.

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 issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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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