Johnson Investment Counsel Inc. Grows Stock Position in Invesco QQQ $QQQ

Key Points

• Johnson Investment Counsel Inc. increased its position in Invesco QQQ by 6.6%, owning a total of 109,486 shares valued at approximately $60.4 million at the end of the second quarter.
• Invesco QQQ recently declared a quarterly dividend of $0.694, which is an increase from the previous dividend of $0.59, equating to an annualized yield of 0.5%.
• As of Monday, Invesco QQQ opened at $589.55, with a fifty-two week range between $402.39 and $613.18.

Johnson Investment Counsel Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 109,486 shares of the exchange traded fund's stock after acquiring an additional 6,783 shares during the period. Johnson Investment Counsel Inc.'s holdings in Invesco QQQ were worth $60,397,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $41,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ during the 1st quarter worth approximately $51,000. Blume Capital Management Inc. grew its holdings in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after acquiring an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC grew its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 3.5%

QQQ stock opened at $589.55 on Monday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18. The business's 50 day moving average price is $583.89 and its two-hundred day moving average price is $536.68.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 22nd. This is an increase 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.

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