Invesco QQQ $QQQ Holdings Raised by Caitlin John LLC

Key Points

• Caitlin John LLC increased its holdings in Invesco QQQ by 541.6% during the 2nd quarter, acquiring an additional 3,239 shares, which now makes up 1.9% of the firm's total holdings.
• Invesco QQQ's shares have shown significant price movement, with a 1-year low of $402.39 and a high of $600.05, currently trading at approximately $599.35.
• The fund recently announced a dividend increase, raising its quarterly payout from $0.59 to $0.694 per share, representing a 0.5% annual yield.

Caitlin John LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 541.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,837 shares of the exchange traded fund's stock after buying an additional 3,239 shares during the period. Invesco QQQ comprises approximately 1.9% of Caitlin John LLC's holdings, making the stock its 8th biggest holding. Caitlin John LLC's holdings in Invesco QQQ were worth $2,117,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Proathlete Wealth Management LLC grew its holdings in Invesco QQQ by 3.0% during the 2nd quarter. Proathlete Wealth Management LLC now owns 28,848 shares of the exchange traded fund's stock worth $15,930,000 after acquiring an additional 828 shares in the last quarter. S.A. Mason LLC grew its holdings in Invesco QQQ by 6.9% during the 2nd quarter. S.A. Mason LLC now owns 2,292 shares of the exchange traded fund's stock worth $1,264,000 after acquiring an additional 148 shares in the last quarter. ABLE Financial Group LLC grew its holdings in Invesco QQQ by 24.2% during the 2nd quarter. ABLE Financial Group LLC now owns 1,136 shares of the exchange traded fund's stock worth $627,000 after acquiring an additional 221 shares in the last quarter. Lakeshore Financial Planning Inc. grew its holdings in Invesco QQQ by 4.6% during the 2nd quarter. Lakeshore Financial Planning Inc. now owns 7,480 shares of the exchange traded fund's stock worth $4,126,000 after acquiring an additional 332 shares in the last quarter. Finally, Sweeney & Michel LLC grew its holdings in Invesco QQQ by 112.1% during the 2nd quarter. Sweeney & Michel LLC now owns 1,368 shares of the exchange traded fund's stock worth $758,000 after acquiring an additional 723 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $599.35 on Monday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $600.05. The firm has a fifty day moving average of $572.19 and a two-hundred day moving average of $524.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is an increase 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.

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