Invesco QQQ $QQQ Shares Bought by Lakeshore Capital Group Inc.

Key Points

• Lakeshore Capital Group Inc. increased its stake in Invesco QQQ by 22.5% in the 2nd quarter, owning a total of 16,815 shares worth approximately $9.3 million.
• Invesco QQQ recently declared a quarterly dividend of $0.694, up from the previous $0.59, with a dividend yield of 0.5%.
• The stock has a 52-week range of $402.39 to $611.75, and opened at $611.44, reflecting strong performance in the market.

Lakeshore Capital Group Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,815 shares of the exchange traded fund's stock after buying an additional 3,086 shares during the quarter. Invesco QQQ makes up 8.2% of Lakeshore Capital Group Inc.'s holdings, making the stock its 2nd biggest position. Lakeshore Capital Group Inc.'s holdings in Invesco QQQ were worth $9,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in QQQ. Brighton Jones LLC raised its stake in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC increased its position in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after buying an additional 176 shares during the period. Wealth Group Ltd. increased its position in Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund's stock worth $3,010,000 after buying an additional 4,835 shares during the period. Harbor Capital Advisors Inc. increased its position in Invesco QQQ by 2,060.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 12,251 shares of the exchange traded fund's stock worth $5,745,000 after buying an additional 11,684 shares during the period. Finally, GAMMA Investing LLC increased its position in Invesco QQQ by 19.2% during the 1st quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund's stock worth $1,872,000 after buying an additional 643 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $611.44 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $611.75. The stock's fifty day moving average is $582.26 and its 200 day moving average is $534.45.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis 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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