Invesco QQQ $QQQ Shares Bought by Blue Investment Partners LLC

Blue Investment Partners LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 222.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,464 shares of the exchange traded fund’s stock after buying an additional 4,458 shares during the quarter. Invesco QQQ comprises about 1.3% of Blue Investment Partners LLC’s portfolio, making the stock its 20th biggest holding. Blue Investment Partners LLC’s holdings in Invesco QQQ were worth $3,566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC raised its holdings in 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 acquiring an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. grew 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 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 stake in shares of Invesco QQQ in the first quarter valued at approximately $2,775,904,000. Altimeter Capital Management LP acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $463,293,000. Finally, Alaska Permanent Fund Corp lifted its position in Invesco QQQ by 14,750.7% during the first quarter. Alaska Permanent Fund Corp now owns 799,266 shares of the exchange traded fund’s stock worth $380,027,000 after buying an additional 793,884 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $623.28 on Thursday. The business has a fifty day moving average of $599.86 and a two-hundred day moving average of $557.61. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

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 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 dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, September 22nd.

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.