Invesco QQQ $QQQ is JSF Financial LLC's 8th Largest Position

Key Points

• JSF Financial LLC has increased its position in Invesco QQQ by 8.7%, making it the firm's 8th largest position in its portfolio, now worth $14 million.
• Invesco QQQ has recently declared a quarterly dividend of $0.694 per share, representing a boost from its previous dividend of $0.59, with a yield of 0.5%.
• Institutional ownership of Invesco QQQ is significant, with hedge funds and other institutional investors holding 44.58% of the company's stock.

JSF Financial LLC increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,378 shares of the exchange traded fund's stock after purchasing an additional 2,041 shares during the period. Invesco QQQ accounts for 3.3% of JSF Financial LLC's portfolio, making the stock its 8th biggest position. JSF Financial LLC's holdings in Invesco QQQ were worth $14,000,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ during the 2nd quarter valued at about $41,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ during the first quarter valued at approximately $51,000. Blume Capital Management Inc. boosted its position in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC grew its stake in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.8%

QQQ stock opened at $607.71 on Tuesday. The business has a 50 day moving average of $580.65 and a 200 day moving average of $533.42. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $609.36.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

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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