IRON Financial LLC Grows Position in Invesco QQQ $QQQ

IRON Financial LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 10.8% in the second quarter, Holdings Channel.com reports. The firm owned 2,095 shares of the exchange traded fund’s stock after acquiring an additional 204 shares during the quarter. IRON Financial LLC’s holdings in Invesco QQQ were worth $1,155,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of QQQ. Brighton Jones LLC lifted its position in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after buying an additional 176 shares in the last quarter. Wealth Group Ltd. lifted its position in Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after buying an additional 4,835 shares in the last quarter. GAMMA Investing LLC lifted its position in Invesco QQQ by 19.2% during the first quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock valued at $1,872,000 after buying an additional 643 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Invesco QQQ by 2.3% during the first quarter. Fifth Third Bancorp now owns 23,196 shares of the exchange traded fund’s stock valued at $10,877,000 after buying an additional 518 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 3.5%

Shares of QQQ stock opened at $589.55 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18. The firm’s 50 day moving average price is $583.89 and its two-hundred day moving average price is $536.30.

Invesco QQQ Increases Dividend

The company 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 an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend 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.