Invesco QQQ $QQQ Shares Bought by Summit X LLC

Summit X LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 13.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,847 shares of the exchange traded fund’s stock after purchasing an additional 955 shares during the period. Invesco QQQ makes up approximately 0.8% of Summit X LLC’s holdings, making the stock its 29th biggest position. Summit X LLC’s holdings in Invesco QQQ were worth $4,328,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in QQQ. Morgan Dempsey Capital Management LLC acquired a new position in Invesco QQQ during the 2nd quarter worth $30,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ during the second quarter valued at $41,000. Blume Capital Management Inc. raised its stake in shares of Invesco QQQ by 105.0% during 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 in the last quarter. Moser Wealth Advisors LLC lifted its holdings in Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares during the period. Finally, Atlantic Private Wealth LLC grew its position in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $609.74 on Friday. The firm’s 50-day moving average is $601.34 and its two-hundred day moving average is $560.02. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a dividend of $0.694 per share. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%.

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.