Forum Financial Management LP Grows Stock Holdings in Invesco QQQ $QQQ

Forum Financial Management LP raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,970 shares of the exchange traded fund’s stock after purchasing an additional 165 shares during the period. Forum Financial Management LP’s holdings in Invesco QQQ were worth $2,742,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC lifted its stake in shares of 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 valued at $37,299,340,000 after buying an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of 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 valued at $11,300,023,000 after buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. purchased a new position in shares of Invesco QQQ during the first quarter valued at approximately $2,775,904,000. Spear Holdings RSC Ltd purchased a new position in shares of Invesco QQQ during the first quarter valued at approximately $474,600,000. Finally, Altimeter Capital Management LP acquired a new position in Invesco QQQ during the first quarter worth approximately $463,293,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.0%

Shares of QQQ stock opened at $605.49 on Thursday. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18. The company has a 50 day moving average price of $589.20 and a 200 day moving average price of $543.59.

Invesco QQQ Increases Dividend

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