Grassi Investment Management Has $6.26 Million Stock Holdings in Invesco QQQ $QQQ

Grassi Investment Management raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 11,346 shares of the exchange traded fund’s stock after acquiring an additional 82 shares during the period. Grassi Investment Management’s holdings in Invesco QQQ were worth $6,259,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of QQQ. Keb Asset Management LLC grew its stake in shares of Invesco QQQ by 7.8% in the second quarter. Keb Asset Management LLC now owns 580 shares of the exchange traded fund’s stock worth $320,000 after purchasing an additional 42 shares during the last quarter. Consolidated Investment Group LLC raised its position in Invesco QQQ by 1.2% during the 2nd quarter. Consolidated Investment Group LLC now owns 307,000 shares of the exchange traded fund’s stock worth $169,353,000 after purchasing an additional 3,500 shares during the last quarter. Washington Growth Strategies LLC lifted its holdings in Invesco QQQ by 3,147.5% during the 2nd quarter. Washington Growth Strategies LLC now owns 15,231 shares of the exchange traded fund’s stock worth $8,402,000 after buying an additional 14,762 shares during the period. Fairvoy Private Wealth LLC grew its position in shares of Invesco QQQ by 1.7% in the 2nd quarter. Fairvoy Private Wealth LLC now owns 8,579 shares of the exchange traded fund’s stock valued at $4,733,000 after buying an additional 144 shares during the last quarter. Finally, Jackson Wealth Management LLC increased its stake in shares of Invesco QQQ by 0.9% in the second quarter. Jackson Wealth Management LLC now owns 20,295 shares of the exchange traded fund’s stock valued at $11,196,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $603.18 on Friday. The business has a 50-day moving average of $579.85 and a 200-day moving average of $532.17. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $607.33.

Invesco QQQ Increases Dividend

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

Invesco QQQ Company 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.