Invesco QQQ $QQQ is Mirae Asset Securities USA Inc.’s 2nd Largest Position

Mirae Asset Securities USA Inc. lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 11.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 412,491 shares of the exchange traded fund’s stock after selling 53,480 shares during the period. Invesco QQQ comprises about 7.0% of Mirae Asset Securities USA Inc.’s portfolio, making the stock its 2nd largest holding. Mirae Asset Securities USA Inc.’s holdings in Invesco QQQ were worth $227,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. Kingstone Capital Partners Texas LLC increased its stake in shares of Invesco QQQ by 704,593.7% in the 2nd 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 purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. increased its stake 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 valued at $11,300,023,000 after purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. purchased a new position in shares of Invesco QQQ in the 1st quarter valued at about $2,775,904,000. Altimeter Capital Management LP purchased a new position in shares of Invesco QQQ in the 1st quarter valued at about $463,293,000. Finally, Alaska Permanent Fund Corp increased its stake in shares of Invesco QQQ by 14,750.7% in the 1st quarter. Alaska Permanent Fund Corp now owns 799,266 shares of the exchange traded fund’s stock valued at $380,027,000 after purchasing an additional 793,884 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $632.08 on Tuesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The business has a 50-day moving average price of $597.93 and a 200 day moving average price of $555.92.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.