Cadinha & Co. LLC Acquires 10,262 Shares of Invesco QQQ $QQQ

Key Points

• Cadinha & Co. LLC significantly increased its stake in Invesco QQQ by purchasing an additional 10,262 shares, raising its ownership by 391.2% to a total of 12,885 shares.
• Invesco QQQ announced a quarterly dividend of $0.694, an increase from the previous $0.59, with the dividend yield at 0.5%.
• Institutional investors now own 44.58% of Invesco QQQ, with multiple firms adjusting their holdings during the second quarter, including Roman Butler Fullerton & Co. and Bleakley Financial Group LLC.

Cadinha & Co. LLC grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 391.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,885 shares of the exchange traded fund's stock after purchasing an additional 10,262 shares during the period. Invesco QQQ makes up approximately 1.2% of Cadinha & Co. LLC's holdings, making the stock its 24th largest holding. Cadinha & Co. LLC's holdings in Invesco QQQ were worth $7,108,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Roman Butler Fullerton & Co. lifted its holdings in shares of Invesco QQQ by 74.8% during the second quarter. Roman Butler Fullerton & Co. now owns 7,006 shares of the exchange traded fund's stock valued at $3,968,000 after acquiring an additional 2,999 shares during the period. Cornerstone Advisory LLC increased its position in shares of Invesco QQQ by 0.9% during the 2nd quarter. Cornerstone Advisory LLC now owns 9,803 shares of the exchange traded fund's stock worth $5,408,000 after purchasing an additional 92 shares in the last quarter. Paragon Advisors LLC bought a new position in Invesco QQQ during the 2nd quarter valued at about $206,000. Bleakley Financial Group LLC boosted its position in Invesco QQQ by 4.4% in the second quarter. Bleakley Financial Group LLC now owns 77,260 shares of the exchange traded fund's stock valued at $42,620,000 after buying an additional 3,233 shares in the last quarter. Finally, Cambridge Capital Management LLC bought a new position in shares of Invesco QQQ in the second quarter valued at approximately $701,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $605.13 on Thursday. The stock's 50 day simple moving average is $589.20 and its 200 day simple moving average is $543.59. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

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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