Advisors Capital Management LLC Purchases 3,191 Shares of Invesco QQQ $QQQ

Advisors Capital Management LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 24.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,225 shares of the exchange traded fund’s stock after buying an additional 3,191 shares during the period. Advisors Capital Management LLC’s holdings in Invesco QQQ were worth $8,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares during the period. Wealth Group Ltd. raised its stake in Invesco QQQ by 305.2% in the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after acquiring an additional 4,835 shares during the period. Graypoint LLC lifted its holdings in Invesco QQQ by 85.7% during the 1st quarter. Graypoint LLC now owns 2,583 shares of the exchange traded fund’s stock valued at $1,211,000 after purchasing an additional 1,192 shares during the last quarter. Finally, Mystic Asset Management Inc. boosted its position in Invesco QQQ by 1.9% during the first quarter. Mystic Asset Management Inc. now owns 17,241 shares of the exchange traded fund’s stock worth $8,085,000 after purchasing an additional 319 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1%

NASDAQ:QQQ opened at $608.86 on Friday. The firm’s fifty day moving average price is $605.86 and its two-hundred day moving average price is $564.57. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a $0.694 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

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.