Invesco QQQ $QQQ Shares Acquired by NBC Securities Inc.

Key Points

• NBC Securities Inc. increased its stake in Invesco QQQ by 5.5%, owning a total of 8,935 shares worth approximately $4.93 million as of the latest SEC filing.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, translating to an annualized dividend yield of 0.4%.
• The stock's current trading price is $586.66, near its 52-week high of $587.86 and significantly above its 52-week low of $402.39.

NBC Securities Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,935 shares of the exchange traded fund's stock after purchasing an additional 465 shares during the quarter. NBC Securities Inc.'s holdings in Invesco QQQ were worth $4,928,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in QQQ. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the first quarter worth approximately $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the 1st quarter valued at $51,000. Blume Capital Management Inc. grew its holdings in Invesco QQQ by 105.0% in the 1st 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 in the last quarter. Atlantic Private Wealth LLC grew its holdings 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 valued at $58,000 after buying an additional 120 shares in the last quarter. Finally, Putney Financial Group LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at $67,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.9%

NASDAQ:QQQ traded up $5.02 during trading hours on Monday, hitting $591.68. The company had a trading volume of 44,232,160 shares, compared to its average volume of 46,867,568. The company has a 50-day moving average of $569.03 and a 200 day moving average of $521.27. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $591.79.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.