Engineers Gate Manager LP Sells 30,904 Shares of Invesco QQQ $QQQ

by · The Markets Daily

Engineers Gate Manager LP reduced its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 22.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,986 shares of the exchange traded fund’s stock after selling 30,904 shares during the quarter. Invesco QQQ accounts for 0.7% of Engineers Gate Manager LP’s holdings, making the stock its 6th biggest position. Engineers Gate Manager LP’s holdings in Invesco QQQ were worth $57,914,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in QQQ. Cubist Systematic Strategies LLC grew its position in Invesco QQQ by 4,015.7% in the second quarter. Cubist Systematic Strategies LLC now owns 12,347 shares of the exchange traded fund’s stock worth $6,811,000 after buying an additional 12,047 shares during the last quarter. Curi Capital LLC boosted its stake in shares of Invesco QQQ by 559.7% during the 2nd quarter. Curi Capital LLC now owns 3,457 shares of the exchange traded fund’s stock worth $1,909,000 after acquiring an additional 2,933 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Invesco QQQ by 6.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 54,566 shares of the exchange traded fund’s stock worth $30,101,000 after acquiring an additional 3,393 shares in the last quarter. BLKBRD Asset Management LP acquired a new position in shares of Invesco QQQ in the 2nd quarter worth $7,002,000. Finally, Byrne Financial Freedom LLC raised its position in shares of Invesco QQQ by 5.8% during the second quarter. Byrne Financial Freedom LLC now owns 7,954 shares of the exchange traded fund’s stock worth $4,388,000 after purchasing an additional 437 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 1.9%

Shares of NASDAQ QQQ opened at $613.62 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The business has a fifty day simple moving average of $613.64 and a 200-day simple moving average of $580.16.

Invesco QQQ Increases Dividend

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

Invesco QQQ Company Profile

(Free Report)

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.

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