Tranquility Partners LLC Buys 90 Shares of Invesco QQQ $QQQ

Tranquility Partners LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,412 shares of the exchange traded fund’s stock after buying an additional 90 shares during the quarter. Tranquility Partners LLC’s holdings in Invesco QQQ were worth $1,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Brighton Jones LLC grew its stake in shares of 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 buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of 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 buying an additional 176 shares during the last quarter. Wealth Group Ltd. grew its stake in shares of 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 buying an additional 4,835 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of 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 buying an additional 643 shares during the last quarter. Finally, American Institute for Advanced Investment Management LLP grew its stake in shares of 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 buying an additional 240 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 3.5%

NASDAQ QQQ opened at $589.55 on Monday. The firm’s fifty day moving average price is $583.89 and its two-hundred day moving average price is $536.68. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a $0.694 dividend. This is a positive change 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 of this dividend is Monday, September 22nd.

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.