Invesco QQQ $QQQ is Adaptive Financial Consulting LLC’s 6th Largest Position

Adaptive Financial Consulting LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,316 shares of the exchange traded fund’s stock after selling 1,381 shares during the quarter. Invesco QQQ accounts for approximately 6.3% of Adaptive Financial Consulting LLC’s holdings, making the stock its 6th largest position. Adaptive Financial Consulting LLC’s holdings in Invesco QQQ were worth $15,069,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in QQQ. Kingstone Capital Partners Texas LLC grew its holdings in shares of Invesco QQQ by 704,593.7% in 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. boosted its position in shares of Invesco QQQ by 959.6% in 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 purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new position in Invesco QQQ in the 1st quarter worth $2,775,904,000. Symphony Financial Ltd. Co. purchased a new stake in shares of Invesco QQQ during the second quarter worth about $1,236,482,000. Finally, Altimeter Capital Management LP bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $463,293,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1%

Shares of QQQ stock opened at $608.86 on Monday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The company’s fifty day simple moving average is $605.86 and its two-hundred day simple moving average is $565.82.

Invesco QQQ Increases Dividend

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

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.