EdgeRock Capital LLC Grows Stock Position in Invesco QQQ $QQQ

EdgeRock Capital LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,772 shares of the exchange traded fund’s stock after buying an additional 276 shares during the period. Invesco QQQ comprises about 2.1% of EdgeRock Capital LLC’s holdings, making the stock its 16th largest position. EdgeRock Capital LLC’s holdings in Invesco QQQ were worth $6,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ in the 2nd quarter valued at about $41,000. Alpine Bank Wealth Management purchased a new position in Invesco QQQ in the 1st quarter valued at about $50,000. Westend Capital Management LLC purchased a new position in Invesco QQQ in the 1st quarter valued at about $51,000. Blume Capital Management Inc. lifted its holdings in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC lifted its holdings in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $595.97 on Friday. The company’s 50-day moving average is $576.04 and its two-hundred day moving average is $527.48. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $602.87.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ 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.