Invesco QQQ $QQQ Stake Increased by Allianz SE

Allianz SE boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,561 shares of the exchange traded fund’s stock after acquiring an additional 16,598 shares during the quarter. Invesco QQQ comprises approximately 2.0% of Allianz SE’s portfolio, making the stock its 7th biggest holding. Allianz SE’s holdings in Invesco QQQ were worth $85,262,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in QQQ. Morgan Dempsey Capital Management LLC purchased a new position in Invesco QQQ in the second quarter valued at about $30,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ in the 2nd quarter worth approximately $41,000. Blume Capital Management Inc. increased its stake in Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Moser Wealth Advisors LLC raised its holdings in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted its position in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $621.06 on Thursday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The stock’s fifty day moving average is $604.54 and its two-hundred day moving average is $563.31.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.