Invesco QQQ $QQQ is Carnegie Mellon University’s 2nd Largest Position

Carnegie Mellon University raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,039 shares of the exchange traded fund’s stock after purchasing an additional 92 shares during the quarter. Invesco QQQ accounts for about 21.8% of Carnegie Mellon University’s holdings, making the stock its 2nd biggest position. Carnegie Mellon University’s holdings in Invesco QQQ were worth $33,672,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC grew its holdings in Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after acquiring an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. lifted its holdings 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 acquiring an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new stake in shares of Invesco QQQ during the 1st quarter worth $2,775,904,000. Altimeter Capital Management LP acquired a new position in shares of Invesco QQQ during the 1st quarter worth $463,293,000. Finally, Alaska Permanent Fund Corp grew its stake in shares of Invesco QQQ by 14,750.7% during the 1st quarter. Alaska Permanent Fund Corp now owns 799,266 shares of the exchange traded fund’s stock worth $380,027,000 after purchasing an additional 793,884 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3%

Shares of NASDAQ QQQ opened at $609.74 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The firm has a 50-day moving average price of $601.34 and a 200 day moving average price of $559.22.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were given a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.