Strathmore Capital Advisors Inc. Acquires New Position in Invesco QQQ $QQQ

Strathmore Capital Advisors Inc. acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 812 shares of the exchange traded fund’s stock, valued at approximately $452,000.

Other large investors also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $1,018,000. Sendero Wealth Management LLC purchased a new position in shares of Invesco QQQ during the 1st quarter valued at about $273,000. Griffith & Werner Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $583,000. GSG Advisors LLC raised its holdings in shares of Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after buying an additional 585 shares in the last quarter. Finally, Amundi raised its holdings in shares of Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after buying an additional 6,600 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $590.00 on Thursday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $592.86. The stock’s 50-day moving average is $570.49 and its 200 day moving average is $522.22.

Invesco QQQ Cuts Dividend

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

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.