Trifecta Capital Advisors LLC Buys 2,308 Shares of Invesco QQQ $QQQ

Trifecta Capital Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,108 shares of the exchange traded fund’s stock after buying an additional 2,308 shares during the quarter. Invesco QQQ comprises approximately 7.6% of Trifecta Capital Advisors LLC’s investment portfolio, making the stock its biggest position. Trifecta Capital Advisors LLC’s holdings in Invesco QQQ were worth $45,846,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Invesco QQQ by 704,593.7% in the 2nd 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 purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after purchasing an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $2,775,904,000. Spear Holdings RSC Ltd acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $474,600,000. Finally, Altimeter Capital Management LP acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $463,293,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1%

Shares of QQQ stock opened at $610.70 on Friday. The stock’s fifty day moving average price is $583.17 and its two-hundred day moving average price is $535.28. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $611.75.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

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.