Invesco QQQ $QQQ Shares Purchased by Members Advisory Group LLC

Members Advisory Group LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,048 shares of the exchange traded fund’s stock after acquiring an additional 398 shares during the period. Invesco QQQ comprises approximately 1.9% of Members Advisory Group LLC’s portfolio, making the stock its 18th largest position. Members Advisory Group LLC’s holdings in Invesco QQQ were worth $5,001,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its stake in shares of Invesco QQQ by 704,593.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after acquiring an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. purchased a new stake in Invesco QQQ in the first quarter valued at $2,775,904,000. Spear Holdings RSC Ltd purchased a new stake in Invesco QQQ in the first quarter valued at $474,600,000. Finally, Altimeter Capital Management LP purchased a new stake in Invesco QQQ in the first quarter valued at $463,293,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7%

Shares of NASDAQ:QQQ opened at $603.93 on Monday. The company has a 50-day simple moving average of $587.30 and a 200-day simple moving average of $541.36. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18.

Invesco QQQ Increases Dividend

The company also recently declared 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. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date 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.