SSA Swiss Advisors AG Reduces Holdings in Invesco QQQ $QQQ

SSA Swiss Advisors AG trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,613 shares of the exchange traded fund’s stock after selling 85 shares during the quarter. SSA Swiss Advisors AG’s holdings in Invesco QQQ were worth $907,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC boosted its stake 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 buying an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. boosted its stake in Invesco QQQ by 959.6% during 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 buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new position in Invesco QQQ during the first quarter worth $2,775,904,000. Spear Holdings RSC Ltd purchased a new position in Invesco QQQ during the first quarter worth $474,600,000. Finally, Altimeter Capital Management LP purchased a new position in Invesco QQQ during the first quarter worth $463,293,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $617.10 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $618.42. The firm has a fifty day moving average price of $590.61 and a 200-day moving average price of $546.26.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. 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 is Monday, September 22nd.

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.