Invesco QQQ $QQQ Stock Holdings Boosted by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services LLC increased its investment in Invesco QQQ by 32.6%, owning 180,500 shares valued at approximately $104.7 million, making it the firm's third largest holding.
• The Invesco QQQ fund recently announced a quarterly dividend of $0.694 per share, up from the previous $0.59, indicating positive growth for the ETF.
• 44.58% of Invesco QQQ's stock is owned by hedge funds and other institutional investors, reflecting significant interest from the financial sector.

Diversify Advisory Services LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 32.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,500 shares of the exchange traded fund's stock after acquiring an additional 44,380 shares during the quarter. Invesco QQQ accounts for approximately 4.1% of Diversify Advisory Services LLC's portfolio, making the stock its 3rd largest holding. Diversify Advisory Services LLC's holdings in Invesco QQQ were worth $104,699,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC bought a new stake in shares of Invesco QQQ during the 2nd quarter worth $30,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ during the 2nd quarter worth $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the 1st quarter worth $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ during the 1st quarter worth $51,000. Finally, Blume Capital Management Inc. raised its stake 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 worth $57,000 after purchasing an additional 2,536 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.7%

NASDAQ QQQ opened at $603.93 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18. The business's fifty day moving average is $587.30 and its 200-day moving average is $540.73.

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 represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date 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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