Invesco QQQ $QQQ Shares Purchased by SAM Advisors LLC

Key Points

• SAM Advisors LLC increased its stake in Invesco QQQ by 4.8%, now holding 39,270 shares valued at approximately $21.66 million, making it the fund's 3rd largest holding.
• Invesco QQQ recently declared a quarterly dividend of $0.694 per share, up from the previous $0.59, which represents an annualized dividend yield of 0.5%.
• As of now, 44.58% of Invesco QQQ's stock is owned by institutional investors and hedge funds, reflecting strong institutional interest in the ETF.

SAM Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,270 shares of the exchange traded fund's stock after purchasing an additional 1,799 shares during the quarter. Invesco QQQ accounts for 7.5% of SAM Advisors LLC's investment portfolio, making the stock its 3rd biggest holding. SAM Advisors LLC's holdings in Invesco QQQ were worth $21,663,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compass Financial Services Inc raised its holdings in 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 purchasing an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. increased its position in 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 in the last quarter. Barrett & Company Inc. increased its position in Invesco QQQ by 14.9% during the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock worth $85,000 after buying an additional 20 shares in the last quarter. Investment Advisory Group LLC increased its position in Invesco QQQ by 0.4% during the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund's stock worth $3,158,000 after buying an additional 20 shares in the last quarter. Finally, waypoint wealth counsel increased its position in Invesco QQQ by 0.6% during the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund's stock worth $1,964,000 after buying an additional 20 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $603.93 on Friday. The stock has a fifty day moving average of $587.30 and a two-hundred day moving average of $540.73. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.

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 given a dividend of $0.694 per share. 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. This represents a $2.78 annualized dividend and a 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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