Invesco QQQ $QQQ Holdings Increased by Fortune 45 LLC

Fortune 45 LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 3.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 80,839 shares of the exchange traded fund’s stock after purchasing an additional 2,766 shares during the quarter. Invesco QQQ accounts for about 25.7% of Fortune 45 LLC’s holdings, making the stock its 2nd largest holding. Fortune 45 LLC’s holdings in Invesco QQQ were worth $44,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. FRG Family Wealth Advisors LLC increased its holdings in shares of Invesco QQQ by 2.9% in the 2nd quarter. FRG Family Wealth Advisors LLC now owns 1,770 shares of the exchange traded fund’s stock worth $976,000 after buying an additional 50 shares during the last quarter. Keybank National Association OH raised its position in shares of Invesco QQQ by 2.1% during the 2nd quarter. Keybank National Association OH now owns 34,888 shares of the exchange traded fund’s stock valued at $19,246,000 after buying an additional 726 shares in the last quarter. HBK Sorce Advisory LLC raised its position in shares of Invesco QQQ by 1.2% during the 2nd quarter. HBK Sorce Advisory LLC now owns 19,570 shares of the exchange traded fund’s stock valued at $10,796,000 after buying an additional 237 shares in the last quarter. Spire Wealth Management raised its position in shares of Invesco QQQ by 31.0% during the 2nd quarter. Spire Wealth Management now owns 48,129 shares of the exchange traded fund’s stock valued at $26,409,000 after buying an additional 11,387 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Invesco QQQ by 27.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 5,980 shares of the exchange traded fund’s stock valued at $3,299,000 after buying an additional 1,294 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $635.77 on Thursday. The firm’s fifty day moving average price is $594.30 and its 200-day moving average price is $551.44. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

The business also recently disclosed 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. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.4%.

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.