Northstar Advisory Group LLC Has $1.71 Million Position in Invesco QQQ $QQQ

Key Points

• Northstar Advisory Group LLC significantly increased its holdings in Invesco QQQ by 413.7% in the second quarter, owning a total of 3,103 shares valued at $1.71 million as of its latest SEC filing.
• Institutional investors and hedge funds currently own 44.58% of Invesco QQQ, indicating strong institutional interest in the fund.
• Invesco QQQ recently announced a quarterly dividend of $0.5911, representing an annualized yield of 0.4%.

Northstar Advisory Group LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 413.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,103 shares of the exchange traded fund's stock after purchasing an additional 2,499 shares during the quarter. Northstar Advisory Group LLC's holdings in Invesco QQQ were worth $1,712,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Compass Financial Services Inc lifted its stake in Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock valued at $2,345,000 after buying an additional 19 shares in the last quarter. Willis Johnson & Associates Inc. lifted its stake in Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after buying an additional 21 shares in the last quarter. MTM Investment Management LLC lifted its stake in Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after buying an additional 21 shares in the last quarter. Cutler Investment Counsel LLC lifted its stake in Invesco QQQ by 1.4% in the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after buying an additional 21 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC lifted its stake in Invesco QQQ by 1.6% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $586.66 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $587.86. The firm has a fifty day simple moving average of $568.24 and a 200 day simple moving average of $520.68.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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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