IFC Advisors LLC Boosts Stock Position in Invesco QQQ $QQQ

IFC Advisors LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 67.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 900 shares of the exchange traded fund’s stock after buying an additional 362 shares during the quarter. IFC Advisors LLC’s holdings in Invesco QQQ were worth $496,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of QQQ. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ in the second quarter valued at $41,000. Alpine Bank Wealth Management purchased a new position in Invesco QQQ in the first quarter valued at $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ in the first quarter valued at $51,000. Blume Capital Management Inc. increased its holdings in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted its stake in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $598.00 on Wednesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The company has a fifty day moving average of $585.40 and a two-hundred day moving average of $538.03.

Invesco QQQ Increases Dividend

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

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.