Invesco QQQ $QQQ Holdings Lifted by PFG Advisors

PFG Advisors grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 87,706 shares of the exchange traded fund’s stock after acquiring an additional 5,929 shares during the period. Invesco QQQ accounts for approximately 1.6% of PFG Advisors’ investment portfolio, making the stock its 7th biggest holding. PFG Advisors’ holdings in Invesco QQQ were worth $48,382,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ in the second quarter worth $30,000. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ in the 2nd quarter worth $41,000. Blume Capital Management Inc. lifted its position in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the period. Moser Wealth Advisors LLC boosted 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 valued at $57,000 after purchasing an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC increased its position in shares of Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $609.74 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The firm has a 50-day moving average of $601.34 and a 200 day moving average of $560.02.

Invesco QQQ Increases Dividend

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

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.