Fiduciary Alliance LLC Has $7.80 Million Holdings in Invesco QQQ $QQQ

Key Points

• Fiduciary Alliance LLC has increased its holdings in Invesco QQQ by 22.4% during the second quarter, now owning 14,133 shares valued at approximately $7.80 million.
• Invesco QQQ shares recently opened at $591.68, with a 1-year range of $402.39 to $591.79.
• The fund cut its dividend, with a recent quarterly payment of $0.5911 per share resulting in an annualized yield of 0.4%.

Fiduciary Alliance LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,133 shares of the exchange traded fund's stock after purchasing an additional 2,584 shares during the period. Fiduciary Alliance LLC's holdings in Invesco QQQ were worth $7,796,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of QQQ. Alpine Bank Wealth Management bought a new stake in Invesco QQQ in the first quarter valued at about $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the first quarter worth about $51,000. Blume Capital Management Inc. boosted its holdings in 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 purchasing an additional 2,536 shares in the last quarter. Atlantic Private Wealth LLC boosted its holdings in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. Finally, Putney Financial Group LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $67,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ opened at $591.68 on Tuesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $591.79. The stock has a 50 day simple moving average of $569.03 and a 200-day simple moving average of $521.27.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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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