710 Shares in Invesco QQQ $QQQ Purchased by Myecfo LLC

Key Points

• Myecfo LLC has acquired a new stake in Invesco QQQ, purchasing 710 shares valued at approximately $392,000 in the second quarter.
• Institutional ownership of Invesco QQQ stands at 44.58%, with several firms recently increasing their positions or making new investments.
• Invesco QQQ declared a quarterly dividend of $0.5911 per share, reflecting an annualized yield of 0.4% and was paid to shareholders of record in June.

Myecfo LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 710 shares of the exchange traded fund's stock, valued at approximately $392,000.

A number of other large investors also recently modified their holdings of the stock. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ during the 2nd quarter valued at $41,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the first quarter valued at about $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the first quarter valued at about $51,000. Blume Capital Management Inc. boosted its holdings 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 worth $57,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its position in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 120 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $2.85 during trading on Monday, hitting $602.20. The company's stock had a trading volume of 56,377,773 shares, compared to its average volume of 45,633,059. The business has a fifty day moving average of $572.19 and a 200-day moving average of $524.01. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $602.87.

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 paid a $0.694 dividend. The ex-dividend date 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 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.