Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lifted by One Capital Management LLC

One Capital Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.7% in the second quarter, Holdings Channel reports. The firm owned 180,821 shares of the exchange traded fund’s stock after buying an additional 8,160 shares during the period. Invesco QQQ accounts for 3.0% of One Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. One Capital Management LLC’s holdings in Invesco QQQ were worth $86,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ in the first quarter valued at approximately $28,000. Deane Retirement Strategies Inc. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $29,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the second quarter worth $30,000. Legacy Bridge LLC increased its position in Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. bought a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $35,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.4 %

Shares of QQQ opened at $475.34 on Monday. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52. The company’s fifty day moving average price is $470.09 and its 200 day moving average price is $457.36.

Invesco QQQ Increases Dividend

The firm also recently disclosed 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 was Monday, June 24th. This is a boost 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.