Gainplan LLC Acquires New Shares in Invesco QQQ $QQQ

Gainplan LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 70,432 shares of the exchange traded fund’s stock, valued at approximately $38,853,000. Invesco QQQ comprises 17.6% of Gainplan LLC’s portfolio, making the stock its 2nd largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Brighton Jones LLC lifted its position in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the last quarter. Wealth Group Ltd. lifted its position in Invesco QQQ by 305.2% during the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after acquiring an additional 4,835 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Invesco QQQ by 2,060.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 12,251 shares of the exchange traded fund’s stock worth $5,745,000 after acquiring an additional 11,684 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Invesco QQQ by 19.2% during the 1st quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock worth $1,872,000 after acquiring an additional 643 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $611.44 on Thursday. The firm’s 50-day moving average is $582.26 and its 200-day moving average is $534.45. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $611.75.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date 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.