Invesco QQQ $QQQ Stock Position Boosted by Banque Transatlantique SA

Banque Transatlantique SA boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 6,488.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,313 shares of the exchange traded fund’s stock after buying an additional 7,202 shares during the period. Banque Transatlantique SA’s holdings in Invesco QQQ were worth $3,169,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Goldman Sachs Group Inc. grew its position in 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 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 Invesco QQQ in the 1st quarter valued at about $2,775,904,000. NWI Management LP grew its position in Invesco QQQ by 121.6% in the 4th 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 grew its position in 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 buying an additional 1,868,580 shares in the last quarter. Finally, Spear Holdings RSC Ltd bought a new position in Invesco QQQ in the 1st quarter valued at about $474,600,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.8%

Shares of QQQ opened at $565.62 on Wednesday. The firm has a 50-day moving average price of $563.53 and a 200 day moving average price of $517.73. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $583.32.

Invesco QQQ Cuts Dividend

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

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.