Invesco QQQ $QQQ Shares Purchased by NorthStar Asset Management LLC NJ

NorthStar Asset Management LLC NJ lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 12.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,869 shares of the exchange traded fund’s stock after buying an additional 739 shares during the period. Invesco QQQ comprises 1.0% of NorthStar Asset Management LLC NJ’s investment portfolio, making the stock its 18th biggest holding. NorthStar Asset Management LLC NJ’s holdings in Invesco QQQ were worth $3,789,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC purchased a new position in Invesco QQQ in the second quarter valued at about $30,000. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ in the second quarter valued at $41,000. Blume Capital Management Inc. increased its position in shares of 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 buying an additional 2,536 shares in the last quarter. Moser Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 93 shares during the last quarter. Finally, Atlantic Private Wealth LLC raised its stake in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $599.87 on Thursday. The company’s 50-day moving average price is $607.05 and its 200 day moving average price is $567.67. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.