Invesco QQQ $QQQ Stock Holdings Boosted by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its stake in Invesco QQQ by 6.6%, owning 894,107 shares valued at approximately $493.2 million after acquiring additional shares in Q2.
• Invesco QQQ's recent dividend announcement includes a quarterly payment of $0.694 per share, representing a 0.5% yield and showing an increase from its previous dividend of $0.59.
• Shares of Invesco QQQ opened at $598.73, with a 52-week low of $402.39 and a high of $602.87, indicating strong price performance in the past year.

Janney Montgomery Scott LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 894,107 shares of the exchange traded fund's stock after purchasing an additional 55,554 shares during the period. Invesco QQQ makes up approximately 1.3% of Janney Montgomery Scott LLC's portfolio, making the stock its 8th biggest holding. Janney Montgomery Scott LLC owned approximately 0.14% of Invesco QQQ worth $493,225,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sendero Wealth Management LLC purchased a new position in Invesco QQQ during the first quarter worth approximately $273,000. GSG Advisors LLC raised its stake in shares of Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock valued at $3,600,000 after acquiring an additional 585 shares during the period. Amundi raised its stake in shares of Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock valued at $49,980,000 after acquiring an additional 6,600 shares during the period. Orser Capital Management LLC purchased a new position in shares of Invesco QQQ in the 1st quarter valued at $566,000. Finally, Jackson Wealth Management LLC raised its stake in shares of Invesco QQQ by 8.6% in the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock valued at $9,428,000 after acquiring an additional 1,586 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $598.73 on Tuesday. The company's fifty day simple moving average is $576.73 and its 200-day simple moving average is $529.07. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $602.87.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.