Clear Creek Financial Management LLC Buys 10,977 Shares of Invesco QQQ $QQQ

Key Points

• Clear Creek Financial Management LLC increased its stake in Invesco QQQ by 24.5%, purchasing an additional 10,977 shares, bringing its total ownership to 55,847 shares valued at approximately $30.8 million.
• Invesco QQQ announced a quarterly dividend of $0.694 per share, an increase from its previous dividend of $0.59, reflecting a dividend yield of 0.5%.
• 44.58% of Invesco QQQ's stock is owned by institutional investors and hedge funds, indicating significant interest from large investment entities.

Clear Creek Financial Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 55,847 shares of the exchange traded fund's stock after purchasing an additional 10,977 shares during the period. Invesco QQQ makes up approximately 2.9% of Clear Creek Financial Management LLC's portfolio, making the stock its 3rd biggest holding. Clear Creek Financial Management LLC's holdings in Invesco QQQ were worth $30,807,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ during the 2nd quarter worth about $41,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ during the 1st quarter worth about $51,000. Blume Capital Management Inc. grew its position in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC grew its position in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 120 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.1%

Shares of QQQ opened at $610.70 on Friday. The business's 50-day moving average is $583.17 and its two-hundred day moving average is $535.28. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $611.75.

Invesco QQQ Increases Dividend

The company 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 dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59.

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.

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