LifeSteps Financial Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,301 shares of the exchange traded fund's stock after purchasing an additional 2,919 shares during the period. Invesco QQQ makes up 15.7% of LifeSteps Financial Inc.'s holdings, making the stock its biggest holding. LifeSteps Financial Inc.'s holdings in Invesco QQQ were worth $22,783,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of QQQ. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ during the second quarter worth about $41,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $51,000. Blume Capital Management Inc. grew its holdings in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC grew its holdings in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after acquiring an additional 120 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Trading Up 1.1%
NASDAQ QQQ opened at $611.44 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $611.75. The firm has a 50 day moving average of $582.26 and a two-hundred day moving average of $534.45.
Invesco QQQ Increases Dividend
The business 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 dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59.
Invesco QQQ Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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