Foster Group Inc. Has $23.83 Million Holdings in Invesco QQQ $QQQ

Key Points

• Foster Group Inc. increased its holdings in Invesco QQQ by 20.9%, owning a total of 43,202 shares worth $23.83 million after acquiring an additional 7,468 shares in the second quarter.
• Invesco QQQ recently declared a quarterly dividend of $0.694 per share, marking an increase from the previous dividend of $0.59, with an annualized yield of 0.5%.
• As of Monday, Invesco QQQ's shares opened at $599.35, with a notable 52-week high of $600.05 and a low of $402.39.

Foster Group Inc. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,202 shares of the exchange traded fund's stock after acquiring an additional 7,468 shares during the quarter. Foster Group Inc.'s holdings in Invesco QQQ were worth $23,832,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after acquiring an additional 176 shares during the period. Nuveen Asset Management LLC purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $11,247,000. Drucker Wealth 3.0 LLC increased its holdings in shares of Invesco QQQ by 22.0% during the 4th quarter. Drucker Wealth 3.0 LLC now owns 650 shares of the exchange traded fund's stock worth $333,000 after buying an additional 117 shares during the last quarter. Finally, Vermillion Wealth Management Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $294,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $2.85 during trading on Monday, reaching $602.20. The company's stock had a trading volume of 57,065,386 shares, compared to its average volume of 47,450,008. The company has a 50-day moving average price of $573.11 and a two-hundred day moving average price of $524.79. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $602.87.

Invesco QQQ Increases Dividend

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

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.