560 Shares in Invesco QQQ $QQQ Purchased by Invesco LLC

Key Points

• Invesco LLC purchased 560 shares of Invesco QQQ valued at approximately $309,000 during the 2nd quarter, indicating a growing interest in the exchange-traded fund.
• The company increased its quarterly dividend to $0.694 per share, up from the previous $0.59, reflecting a positive change in shareholder returns.
• Approximately 44.58% of Invesco QQQ stock is owned by institutional investors, showcasing strong institutional interest in this investment.

Invesco LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 560 shares of the exchange traded fund's stock, valued at approximately $309,000.

Other hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc increased its stake in Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock valued at $2,345,000 after buying an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. grew its holdings in shares of Invesco QQQ by 4.2% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock valued at $271,000 after acquiring an additional 20 shares in the last quarter. MTM Investment Management LLC increased its position in shares of Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after acquiring an additional 21 shares during the last quarter. Cutler Investment Counsel LLC raised its holdings in Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock worth $710,000 after acquiring an additional 21 shares in the last quarter. Finally, Occidental Asset Management LLC raised its holdings in Invesco QQQ by 1.7% during the second quarter. Occidental Asset Management LLC now owns 1,230 shares of the exchange traded fund's stock worth $678,000 after acquiring an additional 21 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $598.73 on Tuesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $602.87. The business has a 50 day moving average price of $576.73 and a two-hundred day moving average price of $529.07.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date 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.

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