NTV Asset Management LLC Raises Holdings in Invesco QQQ $QQQ

NTV Asset Management LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,231 shares of the exchange traded fund’s stock after acquiring an additional 1,734 shares during the quarter. Invesco QQQ makes up about 5.5% of NTV Asset Management LLC’s holdings, making the stock its 2nd largest position. NTV Asset Management LLC’s holdings in Invesco QQQ were worth $45,914,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. ZWJ Investment Counsel Inc. lifted its holdings in Invesco QQQ by 8.4% during the second quarter. ZWJ Investment Counsel Inc. now owns 1,608 shares of the exchange traded fund’s stock worth $887,000 after acquiring an additional 125 shares during the period. Successful Portfolios LLC lifted its holdings in Invesco QQQ by 21.9% during the second quarter. Successful Portfolios LLC now owns 668 shares of the exchange traded fund’s stock worth $368,000 after acquiring an additional 120 shares during the period. Grassi Investment Management increased its position in Invesco QQQ by 0.7% in the second quarter. Grassi Investment Management now owns 11,346 shares of the exchange traded fund’s stock worth $6,259,000 after buying an additional 82 shares during the last quarter. Keb Asset Management LLC increased its position in Invesco QQQ by 7.8% in the second quarter. Keb Asset Management LLC now owns 580 shares of the exchange traded fund’s stock worth $320,000 after buying an additional 42 shares during the last quarter. Finally, Consolidated Investment Group LLC increased its position in Invesco QQQ by 1.2% in the second quarter. Consolidated Investment Group LLC now owns 307,000 shares of the exchange traded fund’s stock worth $169,353,000 after buying an additional 3,500 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $603.18 on Friday. The business has a fifty day simple moving average of $579.85 and a two-hundred day simple moving average of $532.17. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $607.33.

Invesco QQQ Increases Dividend

The company 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 $0.694 dividend. 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 yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd.

Invesco QQQ 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.