Atlas Brown Inc. Buys 338 Shares of Invesco QQQ $QQQ

Atlas Brown Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,018 shares of the exchange traded fund’s stock after purchasing an additional 338 shares during the period. Atlas Brown Inc.’s holdings in Invesco QQQ were worth $2,216,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wilkins Miller Wealth Management LLC bought a new position in Invesco QQQ in the 4th quarter worth approximately $1,018,000. Sendero Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 1st quarter valued at $273,000. Griffith & Werner Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $583,000. GSG Advisors LLC lifted its position in Invesco QQQ by 8.2% in the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after acquiring an additional 585 shares in the last quarter. Finally, Amundi lifted its position in Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after acquiring an additional 6,600 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4%

QQQ opened at $586.66 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $587.86. The firm’s fifty day simple moving average is $568.24 and its 200 day simple moving average is $520.68.

Invesco QQQ Cuts Dividend

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

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.