Southland Equity Partners LLC Buys 1,096 Shares of Invesco QQQ $QQQ

Key Points

• Southland Equity Partners LLC increased its holdings in Invesco QQQ by 9.5%, now owning 12,598 shares worth approximately $6,950,000, making it the firm's 15th largest investment.
• Other institutional investors have also shown interest in Invesco QQQ, with companies like Marshall & Sullivan Inc. and Alpine Bank Wealth Management acquiring new positions in the ETF.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, yielding around 0.4% annually.

Southland Equity Partners LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,598 shares of the exchange traded fund's stock after purchasing an additional 1,096 shares during the quarter. Invesco QQQ comprises 1.5% of Southland Equity Partners LLC's investment portfolio, making the stock its 15th biggest holding. Southland Equity Partners LLC's holdings in Invesco QQQ were worth $6,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the 2nd quarter worth about $41,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the 1st quarter valued at about $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the 1st quarter valued at about $51,000. Blume Capital Management Inc. boosted its stake in 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 purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted its stake in 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 purchasing an additional 120 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.7%

QQQ stock opened at $599.35 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $600.05. The business has a 50-day simple moving average of $572.19 and a two-hundred day simple moving average of $523.77.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. The ex-dividend date 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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

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.