Invesco QQQ $QQQ Shares Purchased by Focus Financial Network Inc.

Focus Financial Network Inc. grew its stake in Invesco QQQ (NASDAQ:QQQ) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,170 shares of the exchange traded fund’s stock after buying an additional 2,863 shares during the period. Invesco QQQ makes up approximately 3.6% of Focus Financial Network Inc.’s holdings, making the stock its 3rd biggest position. Focus Financial Network Inc.’s holdings in Invesco QQQ were worth $91,666,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its stake in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its position in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in Invesco QQQ during the 4th quarter worth approximately $11,247,000. White Knight Strategic Wealth Advisors LLC lifted its holdings in Invesco QQQ by 99.4% during the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 1,428 shares of the exchange traded fund’s stock worth $730,000 after buying an additional 712 shares in the last quarter. Finally, Continuum Advisory LLC lifted its holdings in Invesco QQQ by 1.1% during the 4th quarter. Continuum Advisory LLC now owns 30,400 shares of the exchange traded fund’s stock worth $15,541,000 after buying an additional 338 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $590.00 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $592.86. The business’s fifty day moving average is $570.49 and its 200-day moving average is $522.22.

Invesco QQQ Cuts Dividend

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