AlTi Global Inc. Has $13.76 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

AlTi Global Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 19.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,686 shares of the exchange traded fund’s stock after purchasing an additional 4,690 shares during the quarter. AlTi Global Inc.’s holdings in Invesco QQQ were worth $13,757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Wick Capital Partners LLC boosted its position in shares of Invesco QQQ by 300.8% in the second quarter. Wick Capital Partners LLC now owns 2,112 shares of the exchange traded fund’s stock valued at $1,012,000 after acquiring an additional 1,585 shares during the period. Trinity Legacy Partners LLC boosted its holdings in Invesco QQQ by 24.9% in the 2nd quarter. Trinity Legacy Partners LLC now owns 1,612 shares of the exchange traded fund’s stock valued at $772,000 after purchasing an additional 321 shares during the period. Point72 Europe London LLP grew its position in shares of Invesco QQQ by 13.2% during the 2nd quarter. Point72 Europe London LLP now owns 119,927 shares of the exchange traded fund’s stock worth $57,458,000 after purchasing an additional 14,014 shares in the last quarter. Royal Capital Wealth Management LLC increased its holdings in shares of Invesco QQQ by 5.3% during the second quarter. Royal Capital Wealth Management LLC now owns 7,230 shares of the exchange traded fund’s stock worth $3,464,000 after purchasing an additional 366 shares during the period. Finally, Shapiro Capital Management LLC raised its position in shares of Invesco QQQ by 7.4% in the second quarter. Shapiro Capital Management LLC now owns 754 shares of the exchange traded fund’s stock valued at $361,000 after buying an additional 52 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.5 %

Shares of QQQ stock opened at $485.37 on Wednesday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The stock has a 50 day simple moving average of $467.59 and a 200 day simple moving average of $459.22.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Monday, September 23rd.

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.