GenTrust LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,416 shares of the exchange traded fund's stock after purchasing an additional 8,936 shares during the period. Invesco QQQ makes up approximately 2.9% of GenTrust LLC's investment portfolio, making the stock its 7th largest holding. GenTrust LLC's holdings in Invesco QQQ were worth $62,080,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Compass Financial Services Inc grew its stake in shares of Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after purchasing an additional 19 shares during the period. Vermillion Wealth Management Inc. grew its stake in Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock valued at $271,000 after acquiring an additional 20 shares during the period. Barrett & Company Inc. grew its stake in Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock valued at $85,000 after acquiring an additional 20 shares during the period. waypoint wealth counsel grew its stake in Invesco QQQ by 0.6% in the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund's stock valued at $1,964,000 after acquiring an additional 20 shares during the period. Finally, Investment Advisory Group LLC grew its stake in Invesco QQQ by 0.4% in the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund's stock valued at $3,158,000 after acquiring an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Price Performance
NASDAQ:QQQ opened at $610.58 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The stock has a 50-day moving average price of $589.82 and a two-hundred day moving average price of $544.88.
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 paid a $0.694 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.
Invesco QQQ Company 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.
See Also
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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