Greykasell Wealth Strategies Inc. Buys 1,104 Shares of Invesco QQQ $QQQ

Greykasell Wealth Strategies Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 14.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,886 shares of the exchange traded fund’s stock after acquiring an additional 1,104 shares during the quarter. Invesco QQQ comprises about 2.3% of Greykasell Wealth Strategies Inc.’s investment portfolio, making the stock its 12th biggest holding. Greykasell Wealth Strategies Inc.’s holdings in Invesco QQQ were worth $4,902,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. GSG Advisors LLC grew its holdings in shares of Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after purchasing an additional 585 shares in the last quarter. Amundi lifted its position in Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after purchasing an additional 6,600 shares during the last quarter. AM Investment Strategies LLC lifted its position in Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 612 shares during the last quarter. Banco Santander S.A. grew its stake in shares of Invesco QQQ by 100.2% in the 1st quarter. Banco Santander S.A. now owns 75,125 shares of the exchange traded fund’s stock worth $35,228,000 after buying an additional 37,605 shares in the last quarter. Finally, Saiph Capital LLC increased its holdings in shares of Invesco QQQ by 23.8% in the 1st quarter. Saiph Capital LLC now owns 2,610 shares of the exchange traded fund’s stock worth $1,224,000 after buying an additional 502 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $603.66 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The firm’s 50-day moving average price is $606.35 and its 200-day moving average price is $566.68.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders 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 yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd.

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.