JSF Financial LLC Buys 819 Shares of Invesco QQQ (NASDAQ:QQQ)

Key Points

• JSF Financial LLC increased its stake in Invesco QQQ by 3.6%, now holding 23,337 shares valued at approximately $10.94 million.
• Invesco QQQ's recent share price was $568.14, with a 52-week range between $402.39 and $569.04.
• The quarterly dividend announced by Invesco QQQ is $0.5911 per share, resulting in an annualized dividend yield of 0.42%.

JSF Financial LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 23,337 shares of the exchange traded fund's stock after purchasing an additional 819 shares during the period. Invesco QQQ makes up 2.9% of JSF Financial LLC's investment portfolio, making the stock its 8th largest holding. JSF Financial LLC's holdings in Invesco QQQ were worth $10,943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after acquiring an additional 756,990 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Invesco QQQ by 34.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after acquiring an additional 568,120 shares in the last quarter. GAMMA Investing LLC increased its holdings in Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after acquiring an additional 1,868,580 shares in the last quarter. TD Asset Management Inc increased its holdings in Invesco QQQ by 18.1% during the 1st quarter. TD Asset Management Inc now owns 1,378,074 shares of the exchange traded fund's stock valued at $646,206,000 after acquiring an additional 210,894 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Invesco QQQ by 1.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock valued at $629,680,000 after acquiring an additional 14,017 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded down $10.08 during mid-day trading on Friday, hitting $554.93. 52,224,848 shares of the company's stock traded hands, compared to its average volume of 44,844,754. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $574.63. The firm's 50 day simple moving average is $543.12 and its 200 day simple moving average is $510.39.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%.

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.