450 Shares in Invesco QQQ $QQQ Bought by Turn8 Private Wealth Inc.

Key Points

• Turn8 Private Wealth Inc. has acquired a new position in Invesco QQQ, purchasing 450 shares valued at approximately $211,000 during the first quarter of the year.
• Invesco QQQ recently announced a quarterly dividend payment of $0.5911, translating to an annualized yield of 0.4%.
• Institutional investors hold 44.58% of Invesco QQQ, indicating significant interest from large financial entities in this exchange-traded fund.

Turn8 Private Wealth Inc. bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 450 shares of the exchange traded fund's stock, valued at approximately $211,000.

Several other institutional investors also recently modified their holdings of QQQ. Goldman Sachs Group Inc. increased its holdings 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. bought a new position in shares of Invesco QQQ in the first quarter valued at $2,775,904,000. NWI Management LP increased its holdings in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after buying an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Invesco QQQ by 55,795.2% in 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 in the last quarter. Finally, Spear Holdings RSC Ltd bought a new position in shares of Invesco QQQ in the first quarter valued at $474,600,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $2.58 during trading on Friday, hitting $586.66. The company had a trading volume of 50,702,733 shares, compared to its average volume of 46,804,284. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $587.86. The business's 50-day moving average is $568.24 and its 200 day moving average is $520.50.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a 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.