Concord Asset Management LLC VA Has $1.84 Million Stock Position in Invesco QQQ $QQQ

Key Points

• Concord Asset Management LLC VA increased its holdings in Invesco QQQ by 151.5% during the second quarter, now owning 3,332 shares valued at approximately $1.84 million.
• Invesco QQQ announced a quarterly dividend of $0.694 per share, an increase from its previous dividend, contributing to an annualized yield of 0.5%.
• As of the latest market data, Invesco QQQ's stock price opened at $602.01, with a 52-week high of $613.18 and a low of $402.39.

Concord Asset Management LLC VA lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 151.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,332 shares of the exchange traded fund's stock after purchasing an additional 2,007 shares during the quarter. Concord Asset Management LLC VA's holdings in Invesco QQQ were worth $1,838,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of QQQ. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at about $41,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ in the first quarter worth $51,000. Blume Capital Management Inc. lifted its position in shares of Invesco QQQ by 105.0% in the first 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 in the last quarter. Finally, Atlantic Private Wealth LLC lifted its position in shares of Invesco QQQ by 3,000.0% in the first 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 in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $602.01 on Tuesday. The stock has a 50 day moving average price of $584.64 and a 200 day moving average price of $537.61. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $613.18.

Invesco QQQ Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. 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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

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.