Wilmington Savings Fund Society FSB Acquires 3,870 Shares of Invesco QQQ $QQQ

Key Points

• Wilmington Savings Fund Society FSB increased its holdings in Invesco QQQ by 6.2%, acquiring an additional 3,870 shares, bringing its total to 65,874 shares valued at $36.34 million.
• Invesco QQQ announced a quarterly dividend of $0.694 per share, reflecting an increase from the previous quarter's $0.59, with the dividend payable on October 31st.
• As of the latest data, 44.58% of Invesco QQQ's stock is owned by institutional investors, highlighting significant interest from hedge funds and investment firms.

Wilmington Savings Fund Society FSB lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,874 shares of the exchange traded fund's stock after purchasing an additional 3,870 shares during the period. Wilmington Savings Fund Society FSB's holdings in Invesco QQQ were worth $36,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Compass Financial Services Inc increased its stake in Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after acquiring an additional 19 shares during the period. Vermillion Wealth Management Inc. increased its stake in Invesco QQQ by 4.2% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund's stock worth $271,000 after acquiring an additional 20 shares during the period. Barrett & Company Inc. increased its stake in Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund's stock worth $85,000 after acquiring an additional 20 shares during the period. Investment Advisory Group LLC increased its stake in Invesco QQQ by 0.4% during the 2nd quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund's stock worth $3,158,000 after acquiring an additional 20 shares during the period. Finally, waypoint wealth counsel increased its stake in Invesco QQQ by 0.6% during the 2nd quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund's stock worth $1,964,000 after acquiring an additional 20 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $598.00 on Wednesday. The stock's fifty day moving average price is $585.40 and its two-hundred day moving average price is $538.03. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 22nd. This is a positive change 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.

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