Invesco QQQ $QQQ Shares Acquired by Madden Advisory Services Inc.

Madden Advisory Services Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,122 shares of the exchange traded fund’s stock after buying an additional 188 shares during the quarter. Madden Advisory Services Inc.’s holdings in Invesco QQQ were worth $1,722,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ during the second quarter worth approximately $41,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the first quarter worth approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the first quarter worth $51,000. Blume Capital Management Inc. lifted its stake in Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC lifted its stake in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $611.44 on Thursday. The business’s fifty day moving average price is $582.26 and its 200 day moving average price is $534.45. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $611.75.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

About Invesco QQQ

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.