Seek First Inc. Has $644,000 Position in Invesco QQQ $QQQ

Seek First Inc. increased its position in Invesco QQQ (NASDAQ:QQQ) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,167 shares of the exchange traded fund’s stock after buying an additional 45 shares during the period. Seek First Inc.’s holdings in Invesco QQQ were worth $644,000 at the end of the most recent reporting period.

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

Invesco QQQ Stock Performance

Shares of QQQ opened at $602.20 on Tuesday. The stock has a 50-day moving average of $573.11 and a 200-day moving average of $524.79. Invesco QQQ has a one year low of $402.39 and a one year high of $602.87.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.