Heck Capital Advisors LLC Purchases Shares of 2,250 Invesco QQQ $QQQ

Key Points

• Heck Capital Advisors LLC purchased 2,250 shares of Invesco QQQ, valued at approximately $1,243,000, during the second quarter.
• Invesco QQQ announced an increase in its quarterly dividend to $0.694, up from the previous $0.59, with an annualized yield of 0.5%.
• As of the last reporting, 44.58% of Invesco QQQ's stock is owned by institutional investors, indicating significant interest from larger financial entities.

Heck Capital Advisors LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 2,250 shares of the exchange traded fund's stock, valued at approximately $1,243,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ in the 2nd quarter valued at $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ in the 1st quarter worth about $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ in the 1st quarter worth about $51,000. Blume Capital Management Inc. increased its holdings in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC increased its holdings in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after buying an additional 120 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $604.51 on Wednesday. The company's 50-day moving average price is $581.39 and its 200-day moving average price is $533.92. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $609.71.

Invesco QQQ Increases Dividend

The firm also recently announced 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 is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.