Transcendent Capital Group LLC Has $9.03 Million Stock Holdings in Invesco QQQ $QQQ

Key Points

• Transcendent Capital Group LLC increased its stake in Invesco QQQ by 75.6%, now holding 16,376 shares valued at approximately $9.03 million.
• Invesco QQQ has announced a quarterly dividend of $0.694 per share, up from the previous $0.59, with a dividend yield of 0.5%.
• Shares of Invesco QQQ are currently down 3.5%, with a trading range between a fifty-two week low of $402.39 and a high of $613.18.

Transcendent Capital Group LLC increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 75.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,376 shares of the exchange traded fund's stock after buying an additional 7,051 shares during the period. Invesco QQQ accounts for 4.6% of Transcendent Capital Group LLC's portfolio, making the stock its 3rd largest position. Transcendent Capital Group LLC's holdings in Invesco QQQ were worth $9,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC increased its stake 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 purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. increased its stake 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 purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $2,775,904,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco QQQ by 1.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund's stock valued at $1,501,063,000 after purchasing an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock valued at $1,163,036,000 after purchasing an additional 54,944 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 3.5%

Shares of NASDAQ QQQ opened at $589.55 on Monday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18. The company has a 50 day simple moving average of $583.89 and a two-hundred day simple moving average of $536.68.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis 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.

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