640 Shares in Invesco QQQ $QQQ Purchased by Mattson Financial Services LLC

Key Points

• Mattson Financial Services LLC acquired 640 shares of Invesco QQQ valued at approximately $353,000 in the 2nd quarter, highlighting ongoing institutional investment interest in the ETF.
• The Invesco QQQ recently announced a quarterly dividend increase to $0.694, marking a boost from the previous dividend of $0.59, with a yield of 0.5%.
• As of Friday, Invesco QQQ was trading at $599.99, having a one-year low of $402.39 and a one-year high of $613.18, signifying its volatility in market performance.

Mattson Financial Services LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 640 shares of the exchange traded fund's stock, valued at approximately $353,000.

Other hedge funds have also bought and sold shares of the company. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ during the second quarter worth about $41,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ during the first quarter worth about $51,000. Blume Capital Management Inc. boosted its stake in 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 acquiring an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC boosted its stake in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $599.99 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18. The company's 50-day simple moving average is $586.71 and its 200 day simple moving average is $539.38.

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%. 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.

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.