10,313 Shares in Invesco QQQ $QQQ Purchased by Cyr Financial Inc.

Key Points

• Cyr Financial Inc. purchased 10,313 shares of Invesco QQQ, valued at approximately $5.7 million, during the second quarter, making QQQ its 10th largest investment.
• Invesco QQQ recently announced a quarterly dividend of $0.694 per share, an increase from the previous dividend of $0.59, to be paid out on October 31st.
• 44.58% of Invesco QQQ's shares are currently owned by institutional investors and hedge funds, indicating strong institutional interest in the ETF.

Cyr Financial Inc. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,313 shares of the exchange traded fund's stock, valued at approximately $5,689,000. Invesco QQQ comprises 4.4% of Cyr Financial Inc.'s portfolio, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after purchasing an additional 176 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its holdings in Invesco QQQ by 1.7% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 13,187 shares of the exchange traded fund's stock valued at $6,183,000 after purchasing an additional 220 shares during the last quarter. Worth Asset Management LLC boosted its holdings in Invesco QQQ by 41.8% in the 1st quarter. Worth Asset Management LLC now owns 3,292 shares of the exchange traded fund's stock valued at $1,544,000 after purchasing an additional 970 shares during the last quarter. Finally, NBC Securities Inc. boosted its holdings in Invesco QQQ by 105,775.0% in the 1st quarter. NBC Securities Inc. now owns 8,470 shares of the exchange traded fund's stock valued at $3,972,000 after purchasing an additional 8,462 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.5%

NASDAQ:QQQ opened at $598.73 on Tuesday. The company's 50-day moving average is $576.73 and its two-hundred day moving average is $529.07. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $602.87.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59.

Invesco QQQ Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.