Huntleigh Advisors Inc. Purchases 639 Shares of Invesco QQQ $QQQ

Key Points

• Huntleigh Advisors Inc. increased its holdings in Invesco QQQ by 8.2%, acquiring an additional 639 shares during the second quarter, now owning a total of 8,478 shares valued at approximately $4.68 million.
• Invesco QQQ recently announced a higher quarterly dividend of $0.694 per share, compared to the previous amount of $0.59, with an annualized yield of 0.5%.
• The stock opened at $603.93 per share and has seen a 1-year price range from $402.39 to $613.18, indicating its strong performance in the market.

Huntleigh Advisors Inc. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,478 shares of the exchange traded fund's stock after buying an additional 639 shares during the quarter. Invesco QQQ makes up 0.9% of Huntleigh Advisors Inc.'s holdings, making the stock its 24th largest holding. Huntleigh Advisors Inc.'s holdings in Invesco QQQ were worth $4,676,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the 2nd quarter worth $41,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the 1st quarter worth $51,000. Blume Capital Management Inc. grew its position in shares of Invesco QQQ by 105.0% during 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 in the last quarter. Finally, Atlantic Private Wealth LLC lifted its stake in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $603.93 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18. The business has a fifty day moving average price of $587.30 and a 200 day moving average price of $540.28.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is an increase 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.

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