502 Shares in Invesco QQQ $QQQ Bought by Norris Perne & French LLP MI

Key Points

• Norris Perne & French LLP MI has acquired 502 shares of Invesco QQQ valued at approximately $277,000 during the second quarter, marking their entry into the ETF investment.
• Invesco QQQ recently announced a quarterly dividend increase to $0.694 from $0.59, with an annualized yield of 0.5%, payable on October 31st.
• As of Monday, QQQ stock opened at $595.97, showing significant volatility with a 12-month low of $402.39 and a high of $602.87.

Norris Perne & French LLP MI bought a new position 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 bought 502 shares of the exchange traded fund's stock, valued at approximately $277,000.

Other large investors also recently added to or reduced their stakes in the company. Sendero Wealth Management LLC purchased a new position in Invesco QQQ in the 1st quarter worth $273,000. GSG Advisors LLC raised its position in Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after purchasing an additional 585 shares during the period. Amundi raised its position in Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock worth $49,980,000 after purchasing an additional 6,600 shares during the period. Orser Capital Management LLC purchased a new position in Invesco QQQ in the 1st quarter worth $566,000. Finally, Jackson Wealth Management LLC raised its position in Invesco QQQ by 8.6% in the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock worth $9,428,000 after purchasing an additional 1,586 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ stock opened at $595.97 on Monday. The firm's 50-day moving average price is $576.04 and its two-hundred day moving average price is $528.24. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $602.87.

Invesco QQQ Increases Dividend

The firm also recently disclosed 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 is an increase from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%.

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.

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