Myecfo LLC Buys Shares of 710 Invesco QQQ $QQQ

Myecfo LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 710 shares of the exchange traded fund’s stock, valued at approximately $392,000.

Other large investors also recently modified their holdings of the company. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the second quarter worth $41,000. Alpine Bank Wealth Management purchased a new position in Invesco QQQ during the 1st quarter valued at about $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ during the 1st quarter valued at about $51,000. Blume Capital Management Inc. grew its position in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its position in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.7%

NASDAQ:QQQ opened at $599.35 on Friday. The firm’s 50-day moving average price is $572.19 and its 200-day moving average price is $523.62. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $600.05.

Invesco QQQ Cuts Dividend

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