Invesco QQQ $QQQ Shares Acquired by Washington Trust Advisors Inc.

Key Points

• Washington Trust Advisors Inc. increased its stake in Invesco QQQ by 441.1% in the second quarter, bringing its total ownership to 947 shares worth $522,000.
• Invesco QQQ has announced a quarterly dividend of $0.694 per share, marking an increase from the previous dividend of $0.59.
• The stock recently traded at $617.37, with a 52-week low of $402.39 and a high of $617.53, reflecting recent significant trading activity.

Washington Trust Advisors Inc. lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 441.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 947 shares of the exchange traded fund's stock after purchasing an additional 772 shares during the quarter. Washington Trust Advisors Inc.'s holdings in Invesco QQQ were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. GSG Advisors LLC boosted its holdings in Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock valued at $3,600,000 after purchasing an additional 585 shares during the period. Amundi increased its position in shares of Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock worth $49,980,000 after purchasing an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC increased its position in shares of Invesco QQQ by 8.6% during the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock worth $9,428,000 after purchasing an additional 1,586 shares in the last quarter. Greykasell Wealth Strategies Inc. increased its position in 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 valued at $3,649,000 after acquiring an additional 605 shares during the period. Finally, AM Investment Strategies LLC increased its position in 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 valued at $904,000 after acquiring an additional 612 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ QQQ traded up $6.79 on Friday, hitting $617.37. 8,367,118 shares of the company's stock were exchanged, compared to its average volume of 46,667,750. The firm's 50-day moving average price is $589.82 and its two-hundred day moving average price is $544.88. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $617.53.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 22nd. 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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