505 Shares in Invesco QQQ $QQQ Bought by Newman Dignan & Sheerar Inc.

Key Points

• Newman Dignan & Sheerar Inc. purchased 505 shares of Invesco QQQ, valued at approximately $279,000, marking a significant new position in the ETF.
• The Invesco QQQ has a 1-year low of $402.39 and a high of $607.16, currently trading at $605.73.
• Invesco QQQ announced a quarterly dividend increase to $0.694 per share, up from the previous $0.59, with the next payout scheduled for October 31st.

Newman Dignan & Sheerar Inc. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 505 shares of the exchange traded fund's stock, valued at approximately $279,000.

Other institutional investors have also made changes to their positions in the company. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ during the second quarter worth $41,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ during the first quarter worth $51,000. Blume Capital Management Inc. grew its stake in shares of Invesco QQQ by 105.0% during the first 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 period. Finally, Atlantic Private Wealth LLC grew its stake in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after acquiring an additional 120 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $605.73 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $607.16. The stock has a 50-day moving average price of $579.12 and a two-hundred day moving average price of $530.93.

Invesco QQQ Increases Dividend

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

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.