Invesco QQQ $QQQ Shares Purchased by American Trust

American Trust increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 7,093.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,947 shares of the exchange traded fund’s stock after buying an additional 42,350 shares during the period. Invesco QQQ comprises 2.2% of American Trust’s portfolio, making the stock its 11th largest holding. American Trust’s holdings in Invesco QQQ were worth $23,692,000 as of its most recent filing with the Securities and Exchange Commission.

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

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $613.62 on Monday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The firm has a 50-day moving average price of $613.64 and a two-hundred day moving average price of $581.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a $0.694 dividend. This is a positive change 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%.

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.