Morton Capital Management LLC CA Acquires 2,796 Shares of Invesco QQQ $QQQ

Morton Capital Management LLC CA boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 53.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,019 shares of the exchange traded fund's stock after buying an additional 2,796 shares during the quarter. Invesco QQQ makes up about 0.8% of Morton Capital Management LLC CA's investment portfolio, making the stock its 15th largest holding. Morton Capital Management LLC CA's holdings in Invesco QQQ were worth $4,424,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ during the second quarter valued at approximately $41,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC bought a new stake in Invesco QQQ during the first quarter valued at approximately $51,000. Blume Capital Management Inc. grew its position in Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after buying an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC grew its position in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after buying an additional 120 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $611.44 on Thursday. The firm has a 50 day moving average of $582.26 and a 200 day moving average of $534.45. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $611.75.

Invesco QQQ Increases Dividend

The company also recently declared 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. The ex-dividend date is Monday, September 22nd. This is an increase 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 0.5%.

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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