Invesco QQQ $QQQ Shares Bought by Custos Family Office LLC

Key Points

• Custos Family Office LLC increased its holdings in Invesco QQQ by 1,468.3%, acquiring 16,665 additional shares, and its investments in the ETF are valued at approximately $9.8 million.
• Invesco QQQ announced a quarterly dividend increase from $0.59 to $0.694, representing an annualized yield of 0.5%, with the ex-dividend date set for September 22nd.
• The stock price of Invesco QQQ opened at $603.18, with a 52-week range between $402.39 and $607.33, indicating significant price movement over the year.

Custos Family Office LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1,468.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,800 shares of the exchange traded fund's stock after acquiring an additional 16,665 shares during the quarter. Invesco QQQ comprises 3.1% of Custos Family Office LLC's holdings, making the stock its 12th largest holding. Custos Family Office LLC's holdings in Invesco QQQ were worth $9,819,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Compass Financial Services Inc boosted its position in shares of Invesco QQQ by 0.4% during the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after buying an additional 19 shares during the period. Vermillion Wealth Management Inc. boosted its position in shares of Invesco QQQ by 4.2% during the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock worth $271,000 after buying an additional 20 shares during the period. MTM Investment Management LLC boosted its position in shares of Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after buying an additional 21 shares during the period. Cutler Investment Counsel LLC boosted its position in shares of Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock worth $710,000 after buying an additional 21 shares during the period. Finally, Occidental Asset Management LLC boosted its position in shares of Invesco QQQ by 1.7% during the second quarter. Occidental Asset Management LLC now owns 1,230 shares of the exchange traded fund's stock worth $678,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ opened at $603.18 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $607.33. The business has a fifty day simple moving average of $579.85 and a 200-day simple moving average of $531.81.

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 issued a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

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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