Solstein Capital LLC Sells 27 Shares of Invesco QQQ $QQQ

Solstein Capital LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,628 shares of the exchange traded fund’s stock after selling 27 shares during the period. Solstein Capital LLC’s holdings in Invesco QQQ were worth $1,450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC increased its position 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 valued at $37,299,340,000 after acquiring an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings 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 during the last quarter. Mullooly Asset Management Inc. bought a new position in shares of Invesco QQQ in the first quarter worth about $2,775,904,000. Spear Holdings RSC Ltd bought a new position in shares of Invesco QQQ in the first quarter worth about $474,600,000. Finally, Altimeter Capital Management LP bought a new position in shares of Invesco QQQ in the first quarter worth about $463,293,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $617.10 on Monday. The company’s 50-day moving average price is $590.61 and its 200-day moving average price is $547.74. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $618.42.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This is a boost 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%.

Invesco QQQ Company 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.