Cora Capital Advisors LLC Acquires 983 Shares of Invesco QQQ $QQQ

Key Points

• Cora Capital Advisors LLC increased its holdings in Invesco QQQ by 18.7%, acquiring an additional 983 shares during the second quarter.
• Invesco QQQ plans to pay a quarterly dividend of $0.694 per share, up from the previous $0.59, with an annualized yield of 0.5%.
• As of now, approximately 44.58% of Invesco QQQ is owned by institutional investors and hedge funds, indicating strong investor interest.

Cora Capital Advisors LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,251 shares of the exchange traded fund's stock after buying an additional 983 shares during the quarter. Invesco QQQ accounts for about 1.5% of Cora Capital Advisors LLC's investment portfolio, making the stock its 15th largest position. Cora Capital Advisors LLC's holdings in Invesco QQQ were worth $3,448,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QQQ. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ in the 2nd quarter valued at $41,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the 1st quarter worth about $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the first quarter valued at about $51,000. Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC lifted its stake 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 valued at $58,000 after buying an additional 120 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock opened at $596.10 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $602.87. The business's 50-day simple moving average is $574.71 and its 200 day simple moving average is $525.78.

Invesco QQQ Increases Dividend

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