Invesco QQQ $QQQ Shares Acquired by Barrett & Company Inc.

Barrett & Company Inc. grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 14.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 154 shares of the exchange traded fund’s stock after buying an additional 20 shares during the period. Barrett & Company Inc.’s holdings in Invesco QQQ were worth $85,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Creative Capital Management Investments LLC raised its position in shares of Invesco QQQ by 23.2% in the second quarter. Creative Capital Management Investments LLC now owns 488 shares of the exchange traded fund’s stock valued at $269,000 after buying an additional 92 shares during the last quarter. Montz Harcus Wealth Management LLC raised its position in shares of Invesco QQQ by 2.0% in the second quarter. Montz Harcus Wealth Management LLC now owns 7,518 shares of the exchange traded fund’s stock valued at $4,147,000 after buying an additional 148 shares during the last quarter. Asset Advisors Investment Management LLC raised its position in shares of Invesco QQQ by 22.1% in the second quarter. Asset Advisors Investment Management LLC now owns 624 shares of the exchange traded fund’s stock valued at $344,000 after buying an additional 113 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Invesco QQQ by 0.5% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,702 shares of the exchange traded fund’s stock valued at $12,523,000 after buying an additional 112 shares during the last quarter. Finally, Seros Financial LLC boosted its position in shares of Invesco QQQ by 5.8% during the 2nd quarter. Seros Financial LLC now owns 27,486 shares of the exchange traded fund’s stock valued at $15,162,000 after acquiring an additional 1,501 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $603.18 on Friday. The company’s 50-day moving average price is $579.85 and its 200-day moving average price is $532.17. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $607.33.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. 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.

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.