Invesco QQQ $QQQ Stock Position Raised by Mather Group LLC.

Key Points

• Mather Group LLC raised its stake in Invesco QQQ by 2.3% during the second quarter, now holding 22,530 shares valued at approximately $12.4 million.
• The stock recently announced a quarterly dividend of $0.694, representing an annualized yield of 0.5%, an increase from the previous quarterly dividend of $0.59.
• The current stock price for Invesco QQQ is $596.10, with a 52-week range between $402.39 and $602.87.

Mather Group LLC. increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,530 shares of the exchange traded fund's stock after acquiring an additional 499 shares during the quarter. Mather Group LLC.'s holdings in Invesco QQQ were worth $12,428,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Compass Financial Services Inc grew its position in Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after purchasing an additional 19 shares in the last quarter. MTM Investment Management LLC grew its holdings in shares of Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after buying an additional 21 shares in the last quarter. Cutler Investment Counsel LLC raised its position in Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after buying an additional 21 shares during the period. Occidental Asset Management LLC raised its position in Invesco QQQ by 1.7% during the second quarter. Occidental Asset Management LLC now owns 1,230 shares of the exchange traded fund's stock valued at $678,000 after buying an additional 21 shares during the period. Finally, Riverbend Wealth Management LLC lifted its stake in Invesco QQQ by 0.3% in the 1st quarter. Riverbend Wealth Management LLC now owns 8,172 shares of the exchange traded fund's stock worth $3,832,000 after acquiring an additional 22 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.4%

NASDAQ:QQQ opened at $596.10 on Thursday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $602.87. The stock's 50-day moving average is $574.71 and its two-hundred day moving average is $525.78.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a 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.

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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