Invesco QQQ $QQQ Stock Holdings Lifted by B & T Capital Management DBA Alpha Capital Management

Key Points

• B & T Capital Management DBA Alpha Capital Management increased its stake in Invesco QQQ by 1.4%, owning 94,187 shares valued at approximately $51.96 million, making it the fund's largest position.
• Invesco QQQ has announced a quarterly dividend of $0.694 per share, up from the previous dividend of $0.59, representing an annualized yield of 0.4%.
• Hedge funds and institutional investors currently own 44.58% of Invesco QQQ stock, with several funds recently increasing their positions.

B & T Capital Management DBA Alpha Capital Management grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,187 shares of the exchange traded fund's stock after buying an additional 1,288 shares during the period. Invesco QQQ accounts for about 8.9% of B & T Capital Management DBA Alpha Capital Management's investment portfolio, making the stock its largest position. B & T Capital Management DBA Alpha Capital Management's holdings in Invesco QQQ were worth $51,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in QQQ. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Invesco QQQ in the second quarter valued at $30,000. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the 2nd quarter valued at about $41,000. Moser Wealth Advisors LLC grew its holdings in shares of Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund's stock valued at $57,000 after buying an additional 93 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the first quarter valued at approximately $50,000. Finally, Westend Capital Management LLC acquired a new position in Invesco QQQ during the first quarter valued at $51,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.1%

QQQ opened at $617.10 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $618.42. The firm has a fifty day moving average price of $590.61 and a 200 day moving average price of $546.26.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 yield of 0.4%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59. 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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