Invesco QQQ (NASDAQ:QQQ) Shares Acquired by FSA Advisors Inc.

Key Points

• FSA Advisors Inc. increased its stake in Invesco QQQ by 70.6% in the first quarter, owning 4,406 shares valued at approximately $2,067,000.
• Other institutional investors have recently added to their stakes, indicating a growing interest in Invesco QQQ, which now has 44.58% of its stock owned by institutional investors.
• The firm declared a quarterly dividend of $0.5911 per share, representing an annualized dividend yield of 0.42%.

FSA Advisors Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 70.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,406 shares of the exchange traded fund's stock after purchasing an additional 1,824 shares during the quarter. Invesco QQQ makes up approximately 1.6% of FSA Advisors Inc.'s portfolio, making the stock its 4th largest position. FSA Advisors Inc.'s holdings in Invesco QQQ were worth $2,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ during the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ in the 1st quarter valued at about $51,000. Finally, Banque Transatlantique SA bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $57,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.3%

Shares of NASDAQ QQQ opened at $568.14 on Tuesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $569.04. The firm's 50-day moving average is $540.06 and its 200-day moving average is $509.18.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.42%.

Invesco QQQ Company 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.

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