XML Financial LLC Buys 2,109 Shares of Invesco QQQ $QQQ

Key Points

• XML Financial LLC increased its stake in Invesco QQQ by 22.9%, acquiring an additional 2,109 shares, bringing its total holdings to 11,307 shares valued at $6,238,000.
• Invesco QQQ announced a quarterly dividend increase to $0.694 per share, up from $0.59, with an upcoming payment date set for October 31st.
• The stock has shown a trading range with a 1-year low of $402.39 and a 1-year high of $602.87, currently trading at $600.37.

XML Financial LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,307 shares of the exchange traded fund's stock after purchasing an additional 2,109 shares during the period. XML Financial LLC's holdings in Invesco QQQ were worth $6,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. G&S Capital LLC increased its stake in Invesco QQQ by 20.8% in the second quarter. G&S Capital LLC now owns 14,461 shares of the exchange traded fund's stock valued at $7,977,000 after purchasing an additional 2,491 shares in the last quarter. Capital Investment Advisors LLC increased its stake in Invesco QQQ by 19.6% in the second quarter. Capital Investment Advisors LLC now owns 23,022 shares of the exchange traded fund's stock valued at $12,700,000 after purchasing an additional 3,772 shares in the last quarter. Lauterbach Financial Advisors LLC increased its stake in Invesco QQQ by 0.6% in the second quarter. Lauterbach Financial Advisors LLC now owns 5,138 shares of the exchange traded fund's stock valued at $2,834,000 after purchasing an additional 30 shares in the last quarter. Presper Financial Architects LLC bought a new stake in Invesco QQQ in the second quarter valued at $260,000. Finally, Raleigh Capital Management Inc. increased its stake in Invesco QQQ by 356,500.0% in the second quarter. Raleigh Capital Management Inc. now owns 3,566 shares of the exchange traded fund's stock valued at $1,967,000 after purchasing an additional 3,565 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.3%

Shares of NASDAQ QQQ opened at $600.37 on Wednesday. The company has a 50-day moving average price of $577.51 and a 200-day moving average price of $529.57. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $602.87.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This is an increase 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%. The ex-dividend date is Monday, September 22nd.

About Invesco QQQ

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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