Invesco QQQ $QQQ Holdings Increased by Fountainhead AM LLC

Fountainhead AM LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,661 shares of the exchange traded fund’s stock after acquiring an additional 368 shares during the period. Fountainhead AM LLC’s holdings in Invesco QQQ were worth $3,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. GSG Advisors LLC raised its position in Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after acquiring an additional 585 shares in the last quarter. Amundi increased its stake in shares of Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock worth $49,980,000 after purchasing an additional 6,600 shares during the last quarter. Greykasell Wealth Strategies Inc. raised its holdings in shares of Invesco QQQ by 8.4% during the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock valued at $3,649,000 after purchasing an additional 605 shares in the last quarter. AM Investment Strategies LLC raised its holdings in shares of Invesco QQQ by 46.5% during the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock valued at $904,000 after purchasing an additional 612 shares in the last quarter. Finally, Banco Santander S.A. lifted its stake in shares of Invesco QQQ by 100.2% in the 1st quarter. Banco Santander S.A. now owns 75,125 shares of the exchange traded fund’s stock valued at $35,228,000 after purchasing an additional 37,605 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3%

Shares of NASDAQ:QQQ opened at $609.74 on Monday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The firm has a fifty day moving average price of $601.34 and a 200 day moving average price of $560.76.

Invesco QQQ Increases Dividend

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

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.