Invesco QQQ $QQQ Shares Purchased by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,854 shares of the exchange traded fund’s stock after buying an additional 4,117 shares during the quarter. Invesco QQQ comprises about 2.6% of Jaffetilchin Investment Partners LLC’s portfolio, making the stock its 9th biggest holding. Jaffetilchin Investment Partners LLC’s holdings in Invesco QQQ were worth $39,086,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Compass Financial Services Inc raised its holdings in shares of Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after buying an additional 19 shares during the period. Vermillion Wealth Management Inc. increased its position in shares of Invesco QQQ by 4.2% during the second quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after purchasing an additional 20 shares in the last quarter. Barrett & Company Inc. boosted its stake in Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after purchasing an additional 20 shares during the period. waypoint wealth counsel grew its stake in shares of Invesco QQQ by 0.6% in the 2nd quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock valued at $1,964,000 after purchasing an additional 20 shares during the last quarter. Finally, Investment Advisory Group LLC lifted its stake in shares of Invesco QQQ by 0.4% in the 2nd quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock worth $3,158,000 after acquiring an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.8%

Shares of NASDAQ QQQ opened at $590.07 on Monday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The firm has a 50-day moving average price of $607.15 and a 200 day moving average price of $569.73.

Invesco QQQ Increases Dividend

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

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.