Asset Management One Co. Ltd. Has $99,000 Stake in Invesco QQQ $QQQ

Asset Management One Co. Ltd. raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 20.1% during the second quarter, HoldingsChannel.com reports. The fund owned 179 shares of the exchange traded fund’s stock after buying an additional 30 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Invesco QQQ were worth $99,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in QQQ. Morgan Dempsey Capital Management LLC bought a new stake in Invesco QQQ in the second quarter worth approximately $30,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the 2nd quarter valued at $41,000. Blume Capital Management Inc. boosted its stake in Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares in the last quarter. Moser Wealth Advisors LLC grew 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 increased its stake in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $626.05 on Friday. The company’s 50-day moving average is $595.56 and its 200-day moving average is $551.96. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 22nd.

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.