360 Financial Inc. Has $15.15 Million Position in Invesco QQQ $QQQ

360 Financial Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 2.1% during the second quarter, HoldingsChannel reports. The fund owned 27,457 shares of the exchange traded fund’s stock after buying an additional 565 shares during the period. Invesco QQQ comprises approximately 4.8% of 360 Financial Inc.’s holdings, making the stock its 7th largest position. 360 Financial Inc.’s holdings in Invesco QQQ were worth $15,146,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC boosted its position 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 last quarter. Goldman Sachs Group Inc. boosted its position 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 last quarter. Mullooly Asset Management Inc. purchased a new stake in shares of Invesco QQQ during the first quarter valued at $2,775,904,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco QQQ by 1.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock valued at $1,501,063,000 after buying an additional 52,234 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock valued at $1,163,036,000 after buying an additional 54,944 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 2.0%

Invesco QQQ stock opened at $619.25 on Wednesday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The business’s fifty day moving average is $598.87 and its 200 day moving average is $557.15.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were given a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 22nd.

About Invesco QQQ

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.