Invesco QQQ $QQQ is JSF Financial LLC’s 8th Largest Position

JSF Financial LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 8.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,378 shares of the exchange traded fund’s stock after acquiring an additional 2,041 shares during the quarter. Invesco QQQ accounts for approximately 3.3% of JSF Financial LLC’s holdings, making the stock its 8th largest position. JSF Financial LLC’s holdings in Invesco QQQ were worth $14,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the period. Wealth Group Ltd. boosted its holdings in Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after purchasing an additional 4,835 shares during the last quarter. OLD National Bancorp IN grew its position in Invesco QQQ by 7.1% in the 1st quarter. OLD National Bancorp IN now owns 4,036 shares of the exchange traded fund’s stock worth $1,893,000 after purchasing an additional 266 shares during the period. Finally, Capital Investment Advisors LLC raised its stake in Invesco QQQ by 22.0% during the 1st quarter. Capital Investment Advisors LLC now owns 19,250 shares of the exchange traded fund’s stock valued at $9,027,000 after buying an additional 3,473 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $607.71 on Tuesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $609.36. The business’s fifty day moving average price is $580.65 and its 200-day moving average price is $533.42.

Invesco QQQ Increases Dividend

The firm 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 an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.