MCF Advisors LLC Purchases 53 Shares of Invesco QQQ $QQQ

MCF Advisors LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,671 shares of the exchange traded fund’s stock after purchasing an additional 53 shares during the quarter. MCF Advisors LLC’s holdings in Invesco QQQ were worth $4,233,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in QQQ. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ during the second quarter worth $41,000. Alpine Bank Wealth Management bought 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 Invesco QQQ in the 1st quarter valued at about $51,000. Blume Capital Management Inc. lifted its stake in 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 purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its holdings in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $598.20 on Wednesday. The business’s 50 day moving average price is $573.94 and its two-hundred day moving average price is $525.30. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $602.87.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.