Ashton Thomas Securities LLC Purchases Shares of 457 Invesco QQQ $QQQ

Ashton Thomas Securities LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the 2nd quarter, HoldingsChannel reports. The fund purchased 457 shares of the exchange traded fund’s stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ in the second quarter worth approximately $41,000. Alpine Bank Wealth Management bought a new stake in Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ in the 1st quarter worth approximately $51,000. Blume Capital Management Inc. increased its holdings in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC increased its holdings in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.4%

NASDAQ QQQ opened at $603.18 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $607.33. The company has a fifty day moving average of $579.85 and a 200-day moving average of $531.81.

Invesco QQQ Increases Dividend

The company 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 $0.694 dividend. 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. This is an increase 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.