Invesco QQQ $QQQ Shares Purchased by Sowell Financial Services LLC

Key Points

• Sowell Financial Services LLC has increased its stake in Invesco QQQ by acquiring 604 additional shares, bringing its total holdings to 118,330 shares, valued at approximately $65.3 million.
• Invesco QQQ's stock price is currently around $599.35, with a 52-week range of $402.39 to $600.05.
• The recent quarterly dividend paid was $0.5911 per share, representing an annual yield of 0.4% based on the most recent information.

Sowell Financial Services LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,330 shares of the exchange traded fund's stock after purchasing an additional 604 shares during the quarter. Invesco QQQ comprises approximately 2.7% of Sowell Financial Services LLC's portfolio, making the stock its 4th biggest position. Sowell Financial Services LLC's holdings in Invesco QQQ were worth $65,275,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ in the second quarter valued at approximately $41,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter valued at approximately $51,000. 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 acquiring an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC boosted its holdings in shares of Invesco QQQ by 3,000.0% in the first 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 and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $2.85 during trading hours on Monday, hitting $602.20. The stock had a trading volume of 57,065,386 shares, compared to its average volume of 45,633,508. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $602.87. The stock's 50 day moving average is $572.19 and its 200 day moving average is $524.01.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59.

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.