Sprinkle Financial Consultants LLC Grows Position in Invesco QQQ $QQQ

Sprinkle Financial Consultants LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,560 shares of the exchange traded fund’s stock after buying an additional 54 shares during the quarter. Sprinkle Financial Consultants LLC’s holdings in Invesco QQQ were worth $861,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA purchased a new position in Invesco QQQ during the 2nd quarter worth approximately $41,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $51,000. Blume Capital Management Inc. increased its holdings in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC increased its holdings in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $599.35 on Friday. The stock’s 50 day simple moving average is $572.19 and its 200-day simple moving average is $523.77. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $600.05.

Invesco QQQ Cuts Dividend

The business also recently announced 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 of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis 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.