HRT Financial LP Has $1.74 Billion Stake in Invesco QQQ $QQQ

HRT Financial LP increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 118.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,145,578 shares of the exchange traded fund’s stock after buying an additional 1,704,600 shares during the period. Invesco QQQ comprises approximately 7.6% of HRT Financial LP’s portfolio, making the stock its 2nd largest position. HRT Financial LP owned 0.50% of Invesco QQQ worth $1,735,226,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GSG Advisors LLC increased its position in Invesco QQQ by 8.2% during the 1st 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 during the period. Amundi lifted its holdings in Invesco QQQ by 6.3% in the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after buying an additional 6,600 shares during the period. BCGM Wealth Management LLC grew its holdings in Invesco QQQ by 13.6% during the 2nd quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock worth $14,120,000 after acquiring an additional 3,066 shares during the period. Prospect Financial Services LLC grew its holdings in Invesco QQQ by 9.1% during the 2nd quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock worth $6,490,000 after acquiring an additional 986 shares during the period. Finally, Wisconsin Wealth Advisors LLC lifted its stake in shares of Invesco QQQ by 21.2% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 6,747 shares of the exchange traded fund’s stock valued at $3,722,000 after purchasing an additional 1,179 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.9%

NASDAQ QQQ opened at $613.62 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The business has a 50 day simple moving average of $613.64 and a 200 day simple moving average of $580.16.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.