Invesco QQQ $QQQ Stock Holdings Increased by Financial Insights Inc.

Key Points

• Financial Insights Inc. has increased its stake in Invesco QQQ by 10.9%, making it the 6th largest holding in their portfolio, now valued at $13.2 million.
• Invesco QQQ announced a quarterly dividend increase to $0.694 per share, up from $0.59, with a dividend yield of 0.5%.
• As of the latest trading session, Invesco QQQ shares are down 0.4% and have a 12-month trading range from a low of $402.39 to a high of $607.33.

Financial Insights Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,944 shares of the exchange traded fund's stock after buying an additional 2,345 shares during the period. Invesco QQQ comprises 4.8% of Financial Insights Inc.'s portfolio, making the stock its 6th largest holding. Financial Insights Inc.'s holdings in Invesco QQQ were worth $13,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in QQQ. Compass Financial Services Inc lifted its holdings in shares of Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock valued at $2,345,000 after purchasing an additional 19 shares in the last quarter. Vermillion Wealth Management Inc. lifted its holdings in shares of Invesco QQQ by 4.2% in the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock valued at $271,000 after purchasing an additional 20 shares in the last quarter. Barrett & Company Inc. lifted its holdings in shares of Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock valued at $85,000 after purchasing an additional 20 shares in the last quarter. MTM Investment Management LLC lifted its holdings in shares of Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after purchasing an additional 21 shares in the last quarter. Finally, Cutler Investment Counsel LLC lifted its holdings in shares of Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after purchasing an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.4%

Shares of NASDAQ QQQ opened at $603.18 on Monday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $607.33. The firm's 50-day moving average is $579.85 and its two-hundred day moving average is $532.54.

Invesco QQQ Increases Dividend

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