Louisiana State Employees Retirement System Has $7.56 Million Stake in Invesco QQQ $QQQ

Louisiana State Employees Retirement System decreased its position in Invesco QQQ (NASDAQ:QQQ) by 48.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,700 shares of the exchange traded fund’s stock after selling 12,900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Invesco QQQ were worth $7,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its position in shares of Invesco QQQ by 6.9% in the second quarter. Venturi Wealth Management LLC now owns 4,852 shares of the exchange traded fund’s stock valued at $2,677,000 after purchasing an additional 315 shares during the last quarter. Watershed Private Wealth LLC grew its position in shares of Invesco QQQ by 18.4% in the second quarter. Watershed Private Wealth LLC now owns 20,226 shares of the exchange traded fund’s stock valued at $11,158,000 after purchasing an additional 3,146 shares during the last quarter. DMC Group LLC grew its position in shares of Invesco QQQ by 63.2% in the second quarter. DMC Group LLC now owns 906 shares of the exchange traded fund’s stock valued at $500,000 after purchasing an additional 351 shares during the last quarter. BankPlus Trust Department grew its position in shares of Invesco QQQ by 22.9% in the second quarter. BankPlus Trust Department now owns 7,558 shares of the exchange traded fund’s stock valued at $4,169,000 after purchasing an additional 1,406 shares during the last quarter. Finally, First Financial Group Corp grew its position in shares of Invesco QQQ by 2.9% in the second quarter. First Financial Group Corp now owns 3,369 shares of the exchange traded fund’s stock valued at $1,859,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.1%

Invesco QQQ stock opened at $611.44 on Thursday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $611.75. The stock’s 50 day moving average is $582.26 and its 200-day moving average is $534.45.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. 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.