Invesco QQQ $QQQ Holdings Boosted by Triumph Capital Management

Triumph Capital Management grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 59.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 12,419 shares of the exchange traded fund’s stock after acquiring an additional 4,649 shares during the period. Invesco QQQ accounts for about 2.1% of Triumph Capital Management’s portfolio, making the stock its 8th largest position. Triumph Capital Management’s holdings in Invesco QQQ were worth $6,851,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted 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 worth $11,300,023,000 after buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. purchased a new stake in shares of Invesco QQQ in the first quarter worth about $2,775,904,000. GAMMA Investing LLC lifted its position 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 worth $8,777,850,000 after buying an additional 1,868,580 shares in the last quarter. Spear Holdings RSC Ltd purchased a new stake in shares of Invesco QQQ in the first quarter worth about $474,600,000. Finally, Altimeter Capital Management LP purchased a new stake in shares of Invesco QQQ in the first quarter worth about $463,293,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.9%

NASDAQ:QQQ opened at $591.68 on Tuesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $591.79. The business’s 50-day moving average is $569.03 and its 200 day moving average is $521.27.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given 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 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.