4,890 Shares in Invesco QQQ $QQQ Acquired by Floyd Financial Group LLC

Key Points

• Floyd Financial Group LLC acquired 4,890 shares of Invesco QQQ valued at approximately $2.72 million, making it the 15th largest position in their investment portfolio.
• The recent quarterly dividend declared for Invesco QQQ has increased to $0.694, up from the previous $0.59, translating to an annualized yield of 0.5%.
• Invesco QQQ's stock price is currently $593.53, exhibiting a one-year range between a low of $402.39 and a high of $602.87.

Floyd Financial Group LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,890 shares of the exchange traded fund's stock, valued at approximately $2,720,000. Invesco QQQ comprises 2.5% of Floyd Financial Group LLC's investment portfolio, making the stock its 15th biggest position.

Other hedge funds also recently made changes to their positions in the company. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ in the 2nd quarter valued at $41,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ during the 1st quarter worth $51,000. Blume Capital Management Inc. increased its position in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC increased its position in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ opened at $593.53 on Friday. The company has a 50-day moving average of $575.35 and a 200-day moving average of $526.62. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $602.87.

Invesco QQQ Increases Dividend

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

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.

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