Centaurus Financial Inc. Raises Stake in Invesco QQQ $QQQ

Centaurus Financial Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.5% during the second quarter, HoldingsChannel reports. The firm owned 53,057 shares of the exchange traded fund’s stock after purchasing an additional 1,314 shares during the period. Invesco QQQ comprises 1.7% of Centaurus Financial Inc.’s portfolio, making the stock its 4th largest holding. Centaurus Financial Inc.’s holdings in Invesco QQQ were worth $29,268,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC lifted its holdings in 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 worth $37,299,340,000 after buying an additional 67,605,770 shares during the period. 1832 Asset Management L.P. increased its holdings in shares of Invesco QQQ by 100.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock valued at $1,167,000 after acquiring an additional 40,999,982 shares during the period. Symphony Financial Ltd. Co. purchased a new position in shares of Invesco QQQ in the 2nd quarter valued at $1,236,482,000. HRT Financial LP raised its position in shares of Invesco QQQ by 118.3% in the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after acquiring an additional 1,704,600 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after purchasing an additional 1,457,109 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.9%

Shares of QQQ stock opened at $613.62 on Monday. The stock’s 50-day moving average is $613.64 and its 200 day moving average is $581.01. 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. Stockholders of record on Monday, September 22nd were given a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. 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.