Invesco QQQ $QQQ is Halter Ferguson Financial Inc.'s 2nd Largest Position

Key Points

• Halter Ferguson Financial Inc. increased its stake in Invesco QQQ by 74.4%, owning over 106,000 shares worth approximately $58.5 million as of its latest SEC filing.
• Invesco QQQ has a current 1-year high of $600.05 and a low of $402.39, with its stock price opening at $599.35.
• Institutional investors own 44.58% of Invesco QQQ, with several firms increasing their positions significantly in the last quarters.

Halter Ferguson Financial Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 74.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 106,050 shares of the exchange traded fund's stock after buying an additional 45,257 shares during the quarter. Invesco QQQ makes up 20.3% of Halter Ferguson Financial Inc.'s holdings, making the stock its 2nd biggest holding. Halter Ferguson Financial Inc.'s holdings in Invesco QQQ were worth $58,501,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Brighton Jones LLC boosted its position in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC boosted its position 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 valued at $2,687,000 after acquiring an additional 176 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in Invesco QQQ during the fourth quarter valued at $11,247,000. Vise Technologies Inc. boosted its position in Invesco QQQ by 145.2% during the fourth quarter. Vise Technologies Inc. now owns 2,766 shares of the exchange traded fund's stock valued at $1,414,000 after acquiring an additional 1,638 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in Invesco QQQ during the fourth quarter valued at $754,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $4.39 during trading on Tuesday, hitting $597.81. 44,149,699 shares of the company traded hands, compared to its average volume of 45,618,445. The business's fifty day moving average is $573.11 and its 200 day moving average is $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 company also recently disclosed 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 represents a $2.78 dividend on an annualized basis and a yield of 0.5%. 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.

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.