Crewe Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,693 shares of the exchange traded fund's stock after acquiring an additional 725 shares during the quarter. Invesco QQQ accounts for about 1.5% of Crewe Advisors LLC's holdings, making the stock its 18th largest position. Crewe Advisors LLC's holdings in Invesco QQQ were worth $10,863,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. GSG Advisors LLC raised its holdings in shares of Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after buying an additional 585 shares in the last quarter. Amundi increased its holdings in Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock valued at $49,980,000 after purchasing an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC increased its holdings in Invesco QQQ by 8.6% during the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock valued at $9,428,000 after purchasing an additional 1,586 shares in the last quarter. Greykasell Wealth Strategies Inc. increased its holdings in Invesco QQQ by 8.4% during the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock valued at $3,649,000 after purchasing an additional 605 shares in the last quarter. Finally, AM Investment Strategies LLC increased its holdings in Invesco QQQ by 46.5% during the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund's stock valued at $904,000 after purchasing an additional 612 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Up 0.7%
QQQ stock opened at $603.93 on Monday. The business has a fifty day moving average price of $587.30 and a 200 day moving average price of $541.36. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.
Invesco QQQ Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59.
Invesco QQQ Profile
(
Free Report)
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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