Destiny Capital Corp CO Grows Holdings in Invesco QQQ $QQQ

Destiny Capital Corp CO lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,818 shares of the exchange traded fund’s stock after acquiring an additional 1,584 shares during the period. Invesco QQQ accounts for approximately 9.9% of Destiny Capital Corp CO’s holdings, making the stock its 4th biggest position. Destiny Capital Corp CO’s holdings in Invesco QQQ were worth $16,449,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in QQQ. Kingstone Capital Partners Texas LLC lifted its position in 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 purchasing an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after buying an additional 21,823,765 shares in the last quarter. Mullooly Asset Management Inc. bought a new stake in shares of Invesco QQQ in the 1st quarter worth $2,775,904,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco QQQ by 1.7% in 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 period. Finally, Commonwealth Equity Services LLC boosted its stake in 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 in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 1.9%

NASDAQ:QQQ opened at $611.67 on Friday. The business’s 50-day moving average price is $600.55 and its 200 day moving average price is $557.99. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Increases Dividend

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

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.