Invesco QQQ (NASDAQ:QQQ) Shares Bought by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 29.5% in the second quarter, Holdings Channel.com reports. The fund owned 3,299,547 shares of the exchange traded fund’s stock after purchasing an additional 750,922 shares during the quarter. Invesco QQQ accounts for approximately 1.4% of Osaic Holdings Inc.’s portfolio, making the stock its 4th largest position. Osaic Holdings Inc.’s holdings in Invesco QQQ were worth $791,498,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Barrett & Company Inc. bought a new stake in Invesco QQQ in the first quarter valued at $26,000. Cascade Investment Advisors Inc. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $28,000. Avalon Trust Co bought a new stake in shares of Invesco QQQ in the 2nd quarter worth about $28,000. Aspire Private Capital LLC increased its position in shares of Invesco QQQ by 88.1% during the 2nd quarter. Aspire Private Capital LLC now owns 79 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 37 shares in the last quarter. Finally, Sanctuary Wealth Management L.L.C. bought a new position in Invesco QQQ during the 2nd quarter valued at about $30,000. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $2.76 during trading hours on Monday, hitting $388.80. 14,476,924 shares of the stock were exchanged, compared to its average volume of 53,522,164. The business’s 50-day moving average is $365.20 and its two-hundred day moving average is $362.91. Invesco QQQ has a 12 month low of $259.73 and a 12 month high of $389.03.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Tuesday, September 19th were given a dividend of $0.5389 per share. The ex-dividend date of this dividend was Monday, September 18th. This represents a $2.16 dividend on an annualized basis and a yield of 0.55%.

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.