9,452 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Chris Bulman Inc

Chris Bulman Inc bought a new position in Invesco QQQ (NASDAQ:QQQ) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 9,452 shares of the exchange traded fund’s stock, valued at approximately $4,528,000. Invesco QQQ accounts for approximately 3.1% of Chris Bulman Inc’s investment portfolio, making the stock its 9th largest position.

Several other institutional investors have also recently added to or reduced their stakes in QQQ. Prospect Financial Services LLC grew its holdings in shares of Invesco QQQ by 0.3% in the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after purchasing an additional 21 shares during the last quarter. Sweeney & Michel LLC boosted its position in Invesco QQQ by 4.0% during the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after buying an additional 22 shares during the period. Family Firm Inc. grew its holdings in Invesco QQQ by 3.1% in the 2nd quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after acquiring an additional 22 shares during the last quarter. Summit X LLC increased its position in shares of Invesco QQQ by 0.4% in the fourth quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock valued at $2,451,000 after acquiring an additional 24 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in shares of Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 24 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 2.7 %

Invesco QQQ stock opened at $448.69 on Friday. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The firm has a 50-day moving average of $472.43 and a 200-day moving average of $456.11.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were issued a dividend of $0.7615 per share. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.68%. 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.