Affinity Capital Advisors LLC Purchases 701 Shares of Invesco QQQ $QQQ

Key Points

• Affinity Capital Advisors LLC increased its holdings in Invesco QQQ by 11.1%, buying 701 additional shares, bringing their total to 7,028 shares valued at approximately $3.88 million.
• Invesco QQQ declared a quarterly dividend of $0.5911, resulting in an annualized dividend of $2.36 and a yield of 0.4%.
• The stock price of Invesco QQQ reached $591.18, with a 52-week range between $402.39 and $592.86.

Affinity Capital Advisors LLC lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,028 shares of the exchange traded fund's stock after purchasing an additional 701 shares during the period. Invesco QQQ comprises approximately 0.7% of Affinity Capital Advisors LLC's portfolio, making the stock its 27th biggest holding. Affinity Capital Advisors LLC's holdings in Invesco QQQ were worth $3,877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mirador Capital Partners LP grew its holdings in shares of Invesco QQQ by 2.6% in the second quarter. Mirador Capital Partners LP now owns 4,852 shares of the exchange traded fund's stock worth $2,677,000 after purchasing an additional 121 shares during the last quarter. Goelzer Investment Management Inc. grew its holdings in shares of Invesco QQQ by 1.2% in the second quarter. Goelzer Investment Management Inc. now owns 3,898 shares of the exchange traded fund's stock worth $2,150,000 after purchasing an additional 46 shares during the last quarter. David J Yvars Group grew its holdings in shares of Invesco QQQ by 0.3% in the second quarter. David J Yvars Group now owns 28,479 shares of the exchange traded fund's stock worth $15,709,000 after purchasing an additional 84 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its holdings in shares of Invesco QQQ by 1.4% in the second quarter. Financiere des Professionnels Fonds d investissement inc. now owns 74,750 shares of the exchange traded fund's stock worth $41,235,000 after purchasing an additional 1,000 shares during the last quarter. Finally, StrongBox Wealth LLC grew its holdings in shares of Invesco QQQ by 1.1% in the second quarter. StrongBox Wealth LLC now owns 17,009 shares of the exchange traded fund's stock worth $9,383,000 after purchasing an additional 193 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $591.18 on Wednesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $592.86. The company's 50 day moving average price is $569.81 and its 200-day moving average price is $521.75.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were issued a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.