Invesco QQQ $QQQ is Cooper Financial Group’s 2nd Largest Position

Cooper Financial Group boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,677 shares of the exchange traded fund’s stock after purchasing an additional 1,933 shares during the period. Invesco QQQ accounts for approximately 5.9% of Cooper Financial Group’s portfolio, making the stock its 2nd biggest position. Cooper Financial Group’s holdings in Invesco QQQ were worth $53,239,000 at the end of the most recent reporting period.

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

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $600.41 on Thursday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The firm’s fifty day simple moving average is $613.62 and its 200-day simple moving average is $582.45.

Invesco QQQ Increases Dividend

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

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.