Apollon Financial LLC Has $3.39 Million Position in Invesco QQQ $QQQ

Apollon Financial LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,143 shares of the exchange traded fund’s stock after selling 72 shares during the quarter. Apollon Financial LLC’s holdings in Invesco QQQ were worth $3,389,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Apollon Wealth Management LLC grew its position in Invesco QQQ by 1.5% in the 2nd quarter. Apollon Wealth Management LLC now owns 89,576 shares of the exchange traded fund’s stock valued at $49,414,000 after purchasing an additional 1,314 shares during the period. Fifth Third Wealth Advisors LLC grew its position in Invesco QQQ by 107.7% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 8,221 shares of the exchange traded fund’s stock valued at $4,535,000 after purchasing an additional 4,262 shares during the period. IRON Financial LLC grew its position in Invesco QQQ by 10.8% in the 2nd quarter. IRON Financial LLC now owns 2,095 shares of the exchange traded fund’s stock valued at $1,155,000 after purchasing an additional 204 shares during the period. Financial Connections Group Inc. grew its position in Invesco QQQ by 47.9% in the 2nd quarter. Financial Connections Group Inc. now owns 210 shares of the exchange traded fund’s stock valued at $115,000 after purchasing an additional 68 shares during the period. Finally, Invictus Private Wealth LLC grew its position in Invesco QQQ by 2.0% in the 2nd quarter. Invictus Private Wealth LLC now owns 351,844 shares of the exchange traded fund’s stock valued at $194,091,000 after purchasing an additional 6,994 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $589.55 on Monday. The company has a fifty day simple moving average of $583.89 and a 200 day simple moving average of $536.68. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18.

Invesco QQQ Increases Dividend

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

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.