Presper Financial Architects LLC Makes New Investment in Invesco QQQ $QQQ

Key Points

• Presper Financial Architects LLC recently acquired a position in Invesco QQQ, purchasing 472 shares valued at approximately $260,000 in the second quarter.
• Invesco QQQ's quarterly dividend has increased from $0.59 to $0.694 per share, representing an annualized total of $2.78 and a dividend yield of 0.5%.
• The stock is currently trading at $598.73, with a twelve-month range of $402.39 to $602.87.

Presper Financial Architects LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 472 shares of the exchange traded fund's stock, valued at approximately $260,000.

Other institutional investors have also added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the 2nd quarter valued at approximately $41,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $51,000. Blume Capital Management Inc. grew its position in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC grew its position in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock valued at $58,000 after acquiring an additional 120 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $598.73 on Tuesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $602.87. The firm has a 50 day moving average price of $576.73 and a 200-day moving average price of $529.07.

Invesco QQQ Increases Dividend

The business 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 represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.