Garrison Point Advisors LLC Acquires 351 Shares of Invesco QQQ $QQQ

Garrison Point Advisors LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 28.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,593 shares of the exchange traded fund’s stock after purchasing an additional 351 shares during the period. Garrison Point Advisors LLC’s holdings in Invesco QQQ were worth $879,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in QQQ. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the second quarter worth $41,000. Blume Capital Management Inc. lifted its holdings in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Moser Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC boosted its stake in shares of Invesco QQQ by 3,000.0% in the 1st 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 and hedge funds.

Invesco QQQ Stock Down 0.3%

QQQ opened at $609.74 on Friday. The firm’s 50-day simple moving average is $601.34 and its 200-day simple moving average is $559.22. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid 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 yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.