Invesco QQQ $QQQ Shares Purchased by Financial Management Professionals Inc.

Key Points

• Financial Management Professionals Inc. increased its stake in Invesco QQQ by 2,390.0%, owning 747 shares valued at $413,000 after acquiring an additional 717 shares in Q2.
• Invesco QQQ announced a quarterly dividend increase to $0.694 per share, up from $0.59, with the dividend yield now at 0.5%.
• As of the latest filings, 44.58% of Invesco QQQ's stock is owned by institutional investors, indicating strong interest from larger financial entities.

Financial Management Professionals Inc. lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2,390.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 747 shares of the exchange traded fund's stock after acquiring an additional 717 shares during the period. Financial Management Professionals Inc.'s holdings in Invesco QQQ were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ in the second quarter valued at $41,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the 1st quarter valued at about $51,000. Blume Capital Management Inc. boosted its position in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC grew its stake 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 worth $58,000 after purchasing an additional 120 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.7%

NASDAQ QQQ opened at $598.20 on Wednesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $602.87. The company's 50 day simple moving average is $573.94 and its 200 day simple moving average is $525.30.

Invesco QQQ Increases Dividend

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

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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