Invesco QQQ $QQQ is Trademark Financial Management LLC's 2nd Largest Position

Key Points

• Trademark Financial Management LLC increased its stake in Invesco QQQ by 12.7%, making it the firm's second largest position at approximately $9.2 million.
• Major institutional investors such as Goldman Sachs and Kingstone Capital Partners also significantly boosted their holdings in Invesco QQQ during recent quarters.
• Invesco QQQ announced a quarterly dividend increase to $0.694 per share, up from the previous $0.59, representing a dividend yield of 0.5%.

Trademark Financial Management LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,677 shares of the exchange traded fund's stock after acquiring an additional 1,878 shares during the period. Invesco QQQ comprises about 5.6% of Trademark Financial Management LLC's portfolio, making the stock its 2nd largest position. Trademark Financial Management LLC's holdings in Invesco QQQ were worth $9,200,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Kingstone Capital Partners Texas LLC increased its holdings in Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund's stock valued at $37,299,340,000 after buying an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund's stock valued at $11,300,023,000 after acquiring an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new position in shares of Invesco QQQ in the 1st quarter worth $2,775,904,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco QQQ by 1.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund's stock worth $1,501,063,000 after acquiring an additional 52,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Invesco QQQ by 2.3% during the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund's stock valued at $1,163,036,000 after purchasing an additional 54,944 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.8%

Shares of Invesco QQQ stock opened at $610.58 on Friday. The company has a 50-day simple moving average of $589.82 and a two-hundred day simple moving average of $544.88. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. 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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