Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 34,262 shares of the exchange traded fund’s stock after acquiring an additional 409 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Invesco QQQ were worth $16,415,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GUNN & Co INVESTMENT MANAGEMENT INC. increased its holdings in shares of Invesco QQQ by 789.5% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 88,813 shares of the exchange traded fund’s stock valued at $36,371,000 after purchasing an additional 78,828 shares in the last quarter. First Western Trust Bank purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $201,000. Vantage Financial Partners LLC grew its position in shares of Invesco QQQ by 68.0% during the 4th quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock valued at $12,101,000 after acquiring an additional 11,957 shares during the period. Natixis Advisors L.P. increased its stake in shares of Invesco QQQ by 17.4% in the 4th quarter. Natixis Advisors L.P. now owns 18,927 shares of the exchange traded fund’s stock valued at $7,751,000 after purchasing an additional 2,809 shares in the last quarter. Finally, Concentrum Wealth Management increased its stake in shares of Invesco QQQ by 15.4% in the 4th quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock valued at $6,004,000 after purchasing an additional 1,962 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.2 %

QQQ traded up $5.61 during trading on Friday, hitting $476.27. The company’s stock had a trading volume of 33,466,473 shares, compared to its average volume of 40,922,408. The business’s fifty day simple moving average is $474.15 and its 200 day simple moving average is $455.05. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.