Sonora Investment Management Group LLC Has $3.51 Million Stake in Invesco QQQ $QQQ

Sonora Investment Management Group LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,361 shares of the exchange traded fund’s stock after buying an additional 310 shares during the period. Sonora Investment Management Group LLC’s holdings in Invesco QQQ were worth $3,509,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Coastline Trust Co increased its position in Invesco QQQ by 5.7% during the second quarter. Coastline Trust Co now owns 28,798 shares of the exchange traded fund’s stock worth $15,886,000 after buying an additional 1,542 shares during the last quarter. Financial Partners Group LLC increased its position in Invesco QQQ by 10.5% during the second quarter. Financial Partners Group LLC now owns 4,023 shares of the exchange traded fund’s stock worth $2,219,000 after buying an additional 381 shares during the last quarter. Worth Financial Advisory Group LLC increased its position in Invesco QQQ by 2.9% during the second quarter. Worth Financial Advisory Group LLC now owns 987 shares of the exchange traded fund’s stock worth $545,000 after buying an additional 28 shares during the last quarter. Willow Creek Wealth Management Inc. increased its position in Invesco QQQ by 27.0% during the second quarter. Willow Creek Wealth Management Inc. now owns 1,179 shares of the exchange traded fund’s stock worth $651,000 after buying an additional 251 shares during the last quarter. Finally, Avior Wealth Management LLC increased its position in Invesco QQQ by 2.4% during the second quarter. Avior Wealth Management LLC now owns 20,054 shares of the exchange traded fund’s stock worth $11,063,000 after buying an additional 467 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $595.97 on Monday. Invesco QQQ has a one year low of $402.39 and a one year high of $602.87. The company’s fifty day moving average price is $576.04 and its two-hundred day moving average price is $528.24.

Invesco QQQ Increases Dividend

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

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.