CRA Financial Services LLC Buys 1,650 Shares of Invesco QQQ $QQQ

Key Points

• CRA Financial Services LLC increased its stake in Invesco QQQ by 4.2% during the 2nd quarter, acquiring an additional 1,650 shares for a total of 41,401 shares valued at approximately $22.8 million.
• Invesco QQQ recently announced a quarterly dividend increase to $0.694 from $0.59, representing an annualized dividend yield of 0.5%.
• Invesco QQQ's current stock price is around $602.20, with a 12-month trading range of $402.39 to $602.87.

CRA Financial Services LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,401 shares of the exchange traded fund's stock after buying an additional 1,650 shares during the quarter. Invesco QQQ accounts for about 3.5% of CRA Financial Services LLC's holdings, making the stock its 5th biggest position. CRA Financial Services LLC's holdings in Invesco QQQ were worth $22,838,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ in the 2nd quarter valued at approximately $41,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ in the first quarter worth approximately $51,000. Blume Capital Management Inc. grew its position in 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 acquiring an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC grew its position in 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 acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ stock opened at $602.20 on Tuesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $602.87. The firm has a 50 day moving average of $573.11 and a two-hundred day moving average of $524.79.

Invesco QQQ Increases Dividend

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

About Invesco QQQ

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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