Invesco QQQ (NASDAQ:QQQ) Shares Purchased by FSA Advisors Inc.

FSA Advisors Inc. raised its position in Invesco QQQ (NASDAQ:QQQ) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,809 shares of the exchange traded fund’s stock after purchasing an additional 107 shares during the quarter. Invesco QQQ comprises 1.9% of FSA Advisors Inc.’s investment portfolio, making the stock its 5th biggest position. FSA Advisors Inc.’s holdings in Invesco QQQ were worth $1,821,000 at the end of the most recent quarter.

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

Invesco QQQ Stock Up 1.2 %

QQQ stock opened at $476.27 on Monday. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business’s 50-day moving average is $474.15 and its two-hundred day moving average is $455.20.

Invesco QQQ Increases Dividend

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

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.