Stonehage Fleming Financial Services Holdings Ltd Takes Position in Invesco QQQ $QQQ

Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 177 shares of the exchange traded fund’s stock, valued at approximately $98,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC grew its holdings 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 worth $37,299,340,000 after acquiring an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. grew its holdings in Invesco QQQ by 959.6% during 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 acquiring an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new stake in Invesco QQQ during the first quarter worth about $2,775,904,000. Spear Holdings RSC Ltd acquired a new stake in Invesco QQQ during the first quarter worth about $474,600,000. Finally, Altimeter Capital Management LP acquired a new stake in Invesco QQQ during the first quarter worth about $463,293,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 3.5%

Invesco QQQ stock opened at $589.55 on Monday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $613.18. The business’s 50-day moving average price is $583.89 and its 200 day moving average price is $536.68.

Invesco QQQ Increases Dividend

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