Invesco QQQ $QQQ Shares Bought by Mutual Advisors LLC

Mutual Advisors LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 10.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,515 shares of the exchange traded fund’s stock after purchasing an additional 5,912 shares during the period. Invesco QQQ comprises 0.9% of Mutual Advisors LLC’s holdings, making the stock its 14th largest position. Mutual Advisors LLC’s holdings in Invesco QQQ were worth $35,407,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ in the second quarter valued at approximately $41,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the first quarter valued at approximately $51,000. Blume Capital Management Inc. grew 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 purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC grew its holdings 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 purchasing an additional 120 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.7%

Shares of NASDAQ:QQQ opened at $602.22 on Thursday. The business’s 50 day moving average price is $586.10 and its 200-day moving average price is $538.48. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend 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.