Bfsg LLC Grows Position in Invesco QQQ $QQQ

Key Points

• Bfsg LLC has increased its holdings in Invesco QQQ by 47.1%, now owning 2,364 shares valued at $1,304,000 as of the latest SEC filing.
• Invesco QQQ announced a quarterly dividend of $0.694 per share, an increase from the previous $0.59, reflecting a 0.5% yield.
• The stock has fluctuated between a 12-month low of $402.39 and a high of $602.87, while currently trading at around $598.20.

Bfsg LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 47.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,364 shares of the exchange traded fund's stock after acquiring an additional 757 shares during the period. Bfsg LLC's holdings in Invesco QQQ were worth $1,304,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Optima Capital LLC increased its position in shares of Invesco QQQ by 23.4% during the 2nd quarter. Optima Capital LLC now owns 4,797 shares of the exchange traded fund's stock valued at $2,648,000 after purchasing an additional 909 shares during the last quarter. Seek First Inc. increased its position in shares of Invesco QQQ by 4.0% during the 2nd quarter. Seek First Inc. now owns 1,167 shares of the exchange traded fund's stock valued at $644,000 after purchasing an additional 45 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of Invesco QQQ during the 2nd quarter valued at about $204,000. Crew Capital Management Ltd. increased its position in shares of Invesco QQQ by 258.4% during the 2nd quarter. Crew Capital Management Ltd. now owns 28,156 shares of the exchange traded fund's stock valued at $15,532,000 after purchasing an additional 20,299 shares during the last quarter. Finally, Occidental Asset Management LLC increased its position in shares of Invesco QQQ by 1.7% during the 2nd quarter. Occidental Asset Management LLC now owns 1,230 shares of the exchange traded fund's stock valued at $678,000 after purchasing an additional 21 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.7%

Shares of Invesco QQQ stock opened at $598.20 on Wednesday. The business's 50-day moving average price is $573.94 and its 200-day moving average price is $525.30. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $602.87.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59.

Invesco QQQ 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.

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