Chicago Partners Investment Group LLC Has $21.23 Million Stock Holdings in Invesco QQQ $QQQ

Chicago Partners Investment Group LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 37,662 shares of the exchange traded fund’s stock after buying an additional 451 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Invesco QQQ were worth $21,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Invesco QQQ during the second quarter worth $30,000. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ during the second quarter worth about $41,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the first quarter worth about $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ in the 1st quarter valued at about $51,000. Finally, Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $603.93 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18. The company’s 50 day simple moving average is $587.30 and its 200 day simple moving average is $540.73.

Invesco QQQ Increases Dividend

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

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.