Socha Financial Group LLC Raises Holdings in Invesco QQQ $QQQ

Key Points

• Socha Financial Group LLC increased its stake in Invesco QQQ by 4.8%, owning 102,631 shares valued at approximately $56.6 million, making it the second largest position in their investment portfolio.
• Invesco QQQ declared a quarterly dividend of $0.694, up from the previous $0.59, which translates to an annualized dividend of $2.78 and a yield of 0.5%.
• The stock's recent performance shows a 52-week range between $402.39 and $613.18, with shares trading at $603.93 as of the last opening.

Socha Financial Group LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,631 shares of the exchange traded fund's stock after acquiring an additional 4,689 shares during the quarter. Invesco QQQ comprises about 25.2% of Socha Financial Group LLC's investment portfolio, making the stock its 2nd biggest position. Socha Financial Group LLC's holdings in Invesco QQQ were worth $56,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the second quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the second quarter valued at approximately $41,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ in the first quarter valued at approximately $51,000. Finally, Blume Capital Management Inc. boosted its holdings in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after purchasing an additional 2,536 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.7%

Shares of NASDAQ QQQ opened at $603.93 on Friday. The stock has a 50 day moving average price of $587.30 and a 200 day moving average price of $540.73. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $613.18.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued 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 dividend yield of 0.5%.

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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