Invesco QQQ $QQQ Shares Purchased by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 17.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 889 shares of the exchange traded fund’s stock after buying an additional 133 shares during the period. Trinity Financial Advisors LLC’s holdings in Invesco QQQ were worth $401,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in QQQ. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the first quarter worth $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ during the first quarter worth $51,000. Blume Capital Management Inc. boosted its holdings in shares of Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC boosted its holdings in shares of 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 during the last quarter. Finally, Putney Financial Group LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $67,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $578.87 on Tuesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $583.32. The stock’s fifty day simple moving average is $565.79 and its 200-day simple moving average is $518.70.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.4%.

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.