Grange Capital LLC Has $1.72 Million Position in Invesco QQQ $QQQ

Grange Capital LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,125 shares of the exchange traded fund’s stock after selling 165 shares during the quarter. Invesco QQQ makes up about 1.8% of Grange Capital LLC’s portfolio, making the stock its 18th biggest position. Grange Capital LLC’s holdings in Invesco QQQ were worth $1,724,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted 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 purchasing an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in 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 in the last quarter. Mullooly Asset Management Inc. bought a new stake in Invesco QQQ during the 1st quarter worth about $2,775,904,000. Altimeter Capital Management LP acquired a new position in shares of Invesco QQQ during the 1st quarter worth about $463,293,000. Finally, Alaska Permanent Fund Corp grew its holdings 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 acquiring an additional 793,884 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3%

NASDAQ:QQQ opened at $609.74 on Monday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The stock’s 50-day simple moving average is $601.34 and its 200 day simple moving average is $560.76.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase 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.