Invesco QQQ $QQQ Shares Bought by Jmac Enterprises LLC

Key Points

• Jmac Enterprises LLC increased its holdings in Invesco QQQ by 2.2%, now owning 48,195 shares worth approximately $26.6 million.
• Invesco QQQ recently announced a quarterly dividend of $0.694 per share, up from the previous dividend of $0.59, with a yield of 0.5%.
• About 44.58% of Invesco QQQ stock is owned by institutional investors and hedge funds, indicating significant interest from larger investment entities.

Jmac Enterprises LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 48,195 shares of the exchange traded fund's stock after buying an additional 1,018 shares during the period. Invesco QQQ comprises approximately 5.7% of Jmac Enterprises LLC's holdings, making the stock its 2nd biggest position. Jmac Enterprises LLC's holdings in Invesco QQQ were worth $26,587,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of QQQ. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at about $41,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $51,000. Blume Capital Management Inc. boosted its holdings 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 valued at $57,000 after buying an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC boosted its holdings 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 valued at $58,000 after buying an additional 120 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.4%

NASDAQ QQQ opened at $605.73 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $607.16. The company has a 50-day simple moving average of $579.12 and a 200-day simple moving average of $530.93.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.59.

Invesco QQQ Company 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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