Invesco QQQ $QQQ Shares Acquired by Mountain Capital Investment Advisors Inc.

Mountain Capital Investment Advisors Inc. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 26.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 659 shares of the exchange traded fund’s stock after purchasing an additional 139 shares during the period. Mountain Capital Investment Advisors Inc.’s holdings in Invesco QQQ were worth $361,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GSG Advisors LLC lifted its position in shares of Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after purchasing an additional 585 shares in the last quarter. Amundi lifted its position in shares of Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock worth $49,980,000 after purchasing an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC lifted its position in shares of Invesco QQQ by 8.6% during the first quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock worth $9,428,000 after purchasing an additional 1,586 shares in the last quarter. Greykasell Wealth Strategies Inc. lifted its position in shares of Invesco QQQ by 8.4% during the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after purchasing an additional 605 shares in the last quarter. Finally, AM Investment Strategies LLC lifted its position in shares of Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after purchasing an additional 612 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $603.93 on Monday. The company has a fifty day simple moving average of $587.30 and a 200 day simple moving average of $541.36. 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 declared 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 represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. 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.