Carter Financial Group INC. Makes New Investment in Invesco QQQ $QQQ

Carter Financial Group INC. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,107 shares of the exchange traded fund’s stock, valued at approximately $2,268,000. Invesco QQQ comprises about 1.5% of Carter Financial Group INC.’s portfolio, making the stock its 15th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC purchased a new position in shares of Invesco QQQ in the second quarter worth $30,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at $41,000. Moser Wealth Advisors LLC raised its stake in Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 93 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in Invesco QQQ during the 1st quarter worth about $70,000. Finally, Barrett & Company Inc. grew its stake in Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 20 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $613.62 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The stock’s 50-day simple moving average is $613.64 and its 200-day simple moving average is $580.58.

Invesco QQQ Increases Dividend

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

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.