Eaton Financial Holdings Company LLC Has $2.73 Million Stock Holdings in Invesco QQQ $QQQ

Eaton Financial Holdings Company LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 56.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,942 shares of the exchange traded fund’s stock after selling 6,415 shares during the period. Invesco QQQ comprises 0.8% of Eaton Financial Holdings Company LLC’s holdings, making the stock its 29th largest holding. Eaton Financial Holdings Company LLC’s holdings in Invesco QQQ were worth $2,726,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC boosted its position in Invesco QQQ by 704,593.7% in 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 buying an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in 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. acquired a new stake in Invesco QQQ in the first quarter valued at approximately $2,775,904,000. GAMMA Investing LLC boosted its position in 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 acquired a new stake in Invesco QQQ in the first quarter valued at approximately $474,600,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $602.20 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $602.87. The company’s 50 day moving average price is $573.11 and its two-hundred day moving average price is $524.79.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a $0.694 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 22nd.

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.