Invesco QQQ $QQQ Shares Purchased by MGO One Seven LLC

Key Points

• MGO One Seven LLC increased its stake in Invesco QQQ by 2.0% during the second quarter, owning 26,077 shares valued at $14,385,000.
• The firm announced a quarterly dividend increase to $0.694 per share, up from the previous $0.59, set to be paid on October 31st.
• Invesco QQQ shares opened at $602.01 with a 12-month high of $613.18 and a low of $402.39.

MGO One Seven LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,077 shares of the exchange traded fund's stock after purchasing an additional 509 shares during the quarter. MGO One Seven LLC's holdings in Invesco QQQ were worth $14,385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. ONE Advisory Partners LLC grew its stake in shares of Invesco QQQ by 7.8% in the second quarter. ONE Advisory Partners LLC now owns 513 shares of the exchange traded fund's stock valued at $289,000 after buying an additional 37 shares in the last quarter. Welch Group LLC boosted its holdings in Invesco QQQ by 29.8% in the 2nd quarter. Welch Group LLC now owns 4,839 shares of the exchange traded fund's stock worth $2,670,000 after acquiring an additional 1,110 shares during the period. Cypress Capital Group grew its position in Invesco QQQ by 5.0% in the second quarter. Cypress Capital Group now owns 22,513 shares of the exchange traded fund's stock valued at $12,419,000 after acquiring an additional 1,073 shares in the last quarter. Dynamic Financial Group raised its stake in shares of Invesco QQQ by 32.7% during the second quarter. Dynamic Financial Group now owns 1,323 shares of the exchange traded fund's stock valued at $730,000 after purchasing an additional 326 shares during the period. Finally, Gordian Advisors LLC lifted its position in shares of Invesco QQQ by 13.1% during the second quarter. Gordian Advisors LLC now owns 710 shares of the exchange traded fund's stock worth $392,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $602.01 on Tuesday. The firm has a fifty day simple moving average of $584.64 and a 200-day simple moving average of $537.61. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is a boost 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 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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