Lee Danner & Bass Inc. Acquires Shares of 445 Invesco QQQ $QQQ

Key Points

• Lee Danner & Bass Inc. acquired 445 shares of Invesco QQQ, valued at approximately $245,000, during the second quarter, as reported in their Form 13F filing with the SEC.
• Invesco QQQ recently announced a quarterly dividend of $0.694 per share, an increase from the previous dividend of $0.59, with a dividend yield of 0.4% based on an annualized rate.
• The current trading price of Invesco QQQ is $617.10, with a 12-month low of $402.39 and a high of $618.42, reflecting its recent price performance.

Lee Danner & Bass Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 445 shares of the exchange traded fund's stock, valued at approximately $245,000.

Other hedge funds also recently added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC purchased a new position in Invesco QQQ in the second quarter valued at about $30,000. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ in the second quarter valued at about $41,000. Moser Wealth Advisors LLC raised its position in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund's stock valued at $57,000 after purchasing an additional 93 shares during the period. Alpine Bank Wealth Management purchased a new position in Invesco QQQ in the first quarter valued at about $50,000. Finally, Westend Capital Management LLC purchased a new position in Invesco QQQ in the first quarter valued at about $51,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $617.10 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $618.42. The business's 50-day moving average is $590.61 and its two-hundred day moving average is $546.26.

Invesco QQQ Increases Dividend

The firm also recently announced 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 of this dividend is Monday, September 22nd. This is a positive change 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 0.4%.

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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