Invesco QQQ $QQQ Position Reduced by Vantage Point Financial LLC

Vantage Point Financial LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,804 shares of the exchange traded fund’s stock after selling 37 shares during the quarter. Vantage Point Financial LLC’s holdings in Invesco QQQ were worth $1,547,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC lifted its position in shares of 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 worth $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. lifted 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 worth $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 worth approximately $2,775,904,000. Spear Holdings RSC Ltd purchased a new stake in shares of Invesco QQQ in the first quarter worth approximately $474,600,000. Finally, Altimeter Capital Management LP purchased a new stake in shares of Invesco QQQ in the first quarter worth approximately $463,293,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $589.55 on Friday. The company has a 50 day simple moving average of $583.89 and a 200-day simple moving average of $535.94. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $613.18.

Invesco QQQ Increases Dividend

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