Invesco QQQ $QQQ is Concurrent Investment Advisors LLC's 7th Largest Position

Key Points

• Concurrent Investment Advisors LLC increased its position in Invesco QQQ by 30.2% in the second quarter, making it the firm's 7th largest investment with 156,354 shares valued at approximately $86.25 million.
• Invesco QQQ has announced a quarterly dividend of $0.694 per share, an increase from the previous dividend of $0.59, set to be paid on October 31st.
• As of the latest report, hedge funds and institutional investors own approximately 44.58% of Invesco QQQ's shares, indicating significant institutional interest in the exchange-traded fund.

Concurrent Investment Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 30.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,354 shares of the exchange traded fund's stock after buying an additional 36,307 shares during the period. Invesco QQQ accounts for approximately 1.7% of Concurrent Investment Advisors LLC's investment portfolio, making the stock its 7th largest position. Concurrent Investment Advisors LLC's holdings in Invesco QQQ were worth $86,250,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. GSG Advisors LLC grew its stake in shares of Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock valued at $3,600,000 after buying an additional 585 shares during the period. Amundi lifted its holdings in shares of Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock worth $49,980,000 after acquiring an additional 6,600 shares during the last quarter. Jackson Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 8.6% in the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock worth $9,428,000 after acquiring an additional 1,586 shares during the last quarter. Greykasell Wealth Strategies Inc. lifted its holdings in shares of Invesco QQQ by 8.4% in the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock worth $3,649,000 after acquiring an additional 605 shares during the last quarter. Finally, AM Investment Strategies LLC lifted its holdings in shares of Invesco QQQ by 46.5% in the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund's stock worth $904,000 after acquiring an additional 612 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $589.55 on Monday. The firm's 50 day moving average price is $583.89 and its 200-day moving average price is $536.68. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18.

Invesco QQQ Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59.

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.

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