Rydar Equities Inc. Invests $2.22 Million in Invesco QQQ $QQQ

Rydar Equities Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,027 shares of the exchange traded fund’s stock, valued at approximately $2,221,000. Invesco QQQ makes up approximately 1.8% of Rydar Equities Inc.’s investment portfolio, making the stock its 16th biggest position.

Several other large investors also recently bought and sold shares of QQQ. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Invesco QQQ by 704,593.7% during the 2nd 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 acquiring an additional 67,605,770 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after purchasing an additional 1,457,109 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Invesco QQQ by 0.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock valued at $1,778,116,000 after purchasing an additional 22,220 shares during the period. HRT Financial LP boosted its holdings in Invesco QQQ by 118.3% in the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after purchasing an additional 1,704,600 shares during the last quarter. Finally, Symphony Financial Ltd. Co. bought a new stake in Invesco QQQ in the 2nd quarter worth approximately $1,236,482,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.5%

Shares of QQQ opened at $610.54 on Tuesday. The firm has a fifty day simple moving average of $613.69 and a two-hundred day simple moving average of $581.65. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The company 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 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was 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.