Invesco QQQ $QQQ is CPR Investments Inc.’s 2nd Largest Position

CPR Investments Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 757.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,822 shares of the exchange traded fund’s stock after acquiring an additional 20,160 shares during the period. Invesco QQQ comprises about 9.8% of CPR Investments Inc.’s holdings, making the stock its 2nd biggest position. CPR Investments Inc.’s holdings in Invesco QQQ were worth $12,590,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC increased its position in shares of 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 shares of 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 worth $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 1st quarter valued at about $2,775,904,000. Spear Holdings RSC Ltd purchased a new position in Invesco QQQ during the 1st quarter valued at about $474,600,000. Finally, Altimeter Capital Management LP acquired a new position in Invesco QQQ during the first quarter worth about $463,293,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.8%

Shares of NASDAQ QQQ opened at $607.71 on Tuesday. The firm’s 50-day moving average is $580.65 and its two-hundred day moving average is $533.42. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $609.36.

Invesco QQQ Increases Dividend

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

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.