CV Advisors LLC Increases Position in Invesco QQQ $QQQ

CV Advisors LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,735 shares of the exchange traded fund’s stock after acquiring an additional 244 shares during the period. Invesco QQQ makes up 4.5% of CV Advisors LLC’s investment portfolio, making the stock its 6th largest holding. CV Advisors LLC’s holdings in Invesco QQQ were worth $14,748,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of QQQ. Brighton Jones LLC boosted its stake in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares in the last quarter. Wealth Group Ltd. boosted its stake in Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after acquiring an additional 4,835 shares in the last quarter. GAMMA Investing LLC boosted its stake in Invesco QQQ by 19.2% during the first quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock worth $1,872,000 after acquiring an additional 643 shares in the last quarter. Finally, American Institute for Advanced Investment Management LLP boosted its stake in Invesco QQQ by 22.3% during the first quarter. American Institute for Advanced Investment Management LLP now owns 1,315 shares of the exchange traded fund’s stock worth $617,000 after acquiring an additional 240 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $589.55 on Monday. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18. The company’s 50-day simple moving average is $583.89 and its 200 day simple moving average is $536.68.

Invesco QQQ Increases Dividend

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

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.