Invesco QQQ (NASDAQ:QQQ) Position Increased by Strategic Investment Solutions Inc. IL

Strategic Investment Solutions Inc. IL raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 48.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 312 shares of the exchange traded fund’s stock after purchasing an additional 102 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in Invesco QQQ were worth $146,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in QQQ. Mullooly Asset Management Inc. bought a new position in shares of Invesco QQQ in the first quarter worth $2,775,904,000. NWI Management LP grew its stake in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Senator Investment Group LP bought a new position in shares of Invesco QQQ in the fourth quarter worth $679,936,000. Finally, Spear Holdings RSC Ltd bought a new position in shares of Invesco QQQ in the first quarter worth $474,600,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $553.88 on Monday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $574.63. The business has a fifty day moving average of $544.01 and a 200-day moving average of $510.67.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.