Transcend Capital Advisors LLC Has $20.32 Million Position in Invesco QQQ $QQQ

Transcend Capital Advisors LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,841 shares of the exchange traded fund’s stock after acquiring an additional 117 shares during the period. Invesco QQQ accounts for about 1.5% of Transcend Capital Advisors LLC’s portfolio, making the stock its 12th largest position. Transcend Capital Advisors LLC’s holdings in Invesco QQQ were worth $20,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Yukon Wealth Management Inc. lifted its position in shares of Invesco QQQ by 3.4% during the 2nd quarter. Yukon Wealth Management Inc. now owns 12,770 shares of the exchange traded fund’s stock valued at $7,045,000 after acquiring an additional 415 shares during the period. GoalVest Advisory LLC lifted its position in shares of Invesco QQQ by 3.1% during the 2nd quarter. GoalVest Advisory LLC now owns 1,072 shares of the exchange traded fund’s stock valued at $591,000 after acquiring an additional 32 shares during the period. First Command Advisory Services Inc. lifted its position in shares of Invesco QQQ by 15.5% during the 2nd quarter. First Command Advisory Services Inc. now owns 1,816 shares of the exchange traded fund’s stock valued at $1,002,000 after acquiring an additional 244 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Invesco QQQ by 5.9% during the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 112,731 shares of the exchange traded fund’s stock valued at $62,184,000 after acquiring an additional 6,313 shares during the period. Finally, Signature Wealth Management Group acquired a new position in Invesco QQQ during the second quarter worth $207,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.1%

Invesco QQQ stock opened at $617.10 on Monday. The firm’s fifty day moving average price is $590.61 and its two-hundred day moving average price is $547.74. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $618.42.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.4%.

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.