Invesco QQQ $QQQ Shares Bought by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC increased its stake in Invesco QQQ by 1.2%, owning 37,662 shares valued at $21,234,000 as of the latest SEC filing.
• Invesco QQQ announced a quarterly dividend of $0.694 per share, an increase from the previous dividend of $0.59, representing a yield of 0.5%.
• Shares of Invesco QQQ opened at $603.93, with a fifty-two week range between a low of $402.39 and a high of $613.18.

Chicago Partners Investment Group LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,662 shares of the exchange traded fund's stock after purchasing an additional 451 shares during the period. Chicago Partners Investment Group LLC's holdings in Invesco QQQ were worth $21,234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC bought a new stake in Invesco QQQ in the second quarter worth approximately $30,000. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ in the 2nd quarter valued at approximately $41,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the first quarter valued at about $51,000. Finally, Blume Capital Management Inc. lifted 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 acquiring an additional 2,536 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.7%

QQQ opened at $603.93 on Friday. The firm's fifty day moving average price is $587.30 and its two-hundred day moving average price is $540.73. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.

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 dividend on an annualized basis and a 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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