Veracity Capital LLC Has $1.43 Million Holdings in Invesco QQQ $QQQ

Key Points

• Veracity Capital LLC increased its holdings in Invesco QQQ by 77.5% during the second quarter, now owning 2,589 shares valued at approximately $1.43 million.
• Goldman Sachs Group Inc. significantly raised its position in Invesco QQQ by 959.6%, now owning over 24 million shares worth around $11.3 billion.
• Invesco QQQ declared a quarterly dividend of $0.5911, representing an annualized yield of 0.4%, with the ex-dividend date on June 23rd.

Veracity Capital LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 77.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,589 shares of the exchange traded fund's stock after buying an additional 1,130 shares during the quarter. Veracity Capital LLC's holdings in Invesco QQQ were worth $1,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew 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 purchasing an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $2,775,904,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco QQQ by 1.7% in the 1st 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 acquiring an additional 52,234 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Invesco QQQ by 2.3% in the 1st 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 acquiring an additional 54,944 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Invesco QQQ by 55,795.2% in 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 acquiring an additional 1,868,580 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.9%

Shares of QQQ opened at $591.68 on Tuesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $591.79. The stock has a fifty day moving average of $569.03 and a 200-day moving average of $521.27.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.

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