Invesco QQQ $QQQ Shares Bought by Kondo Wealth Advisors Inc.

Kondo Wealth Advisors Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 11.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 874 shares of the exchange traded fund’s stock after acquiring an additional 87 shares during the quarter. Kondo Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $478,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC lifted its holdings 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 acquiring an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Invesco QQQ by 959.6% during 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 during the last quarter. Mullooly Asset Management Inc. acquired a new position in shares of Invesco QQQ during the 1st quarter worth $2,775,904,000. Spear Holdings RSC Ltd acquired a new position in shares of Invesco QQQ during the 1st quarter worth $474,600,000. Finally, Altimeter Capital Management LP acquired a new position in shares of Invesco QQQ during the 1st quarter worth $463,293,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7%

NASDAQ:QQQ opened at $603.93 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $613.18. The stock has a fifty day simple moving average of $587.30 and a 200-day simple moving average of $540.28.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

About Invesco QQQ

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.