Verus Financial Partners Inc. Has $562,000 Stock Holdings in Invesco QQQ $QQQ

Verus Financial Partners Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 32.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,011 shares of the exchange traded fund’s stock after acquiring an additional 245 shares during the quarter. Verus Financial Partners Inc.’s holdings in Invesco QQQ were worth $562,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Compass Financial Services Inc grew its position in shares of Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after buying an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. lifted its stake in shares of Invesco QQQ by 4.2% in the second 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. MTM Investment Management LLC boosted its holdings in Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after acquiring an additional 21 shares during the last quarter. Cutler Investment Counsel LLC increased its position in Invesco QQQ by 1.4% during the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after purchasing an additional 21 shares during the period. Finally, Occidental Asset Management LLC increased its position in Invesco QQQ by 1.7% during the 2nd quarter. Occidental Asset Management LLC now owns 1,230 shares of the exchange traded fund’s stock valued at $678,000 after purchasing an additional 21 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock 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 firm has a 50 day moving average price of $579.85 and a two-hundred day moving average price of $531.81.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a $0.694 dividend. The ex-dividend date 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.