Mainstay Capital Management LLC ADV Acquires 891 Shares of Invesco QQQ $QQQ

Mainstay Capital Management LLC ADV grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 97.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,810 shares of the exchange traded fund’s stock after purchasing an additional 891 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Invesco QQQ were worth $998,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Compass Financial Services Inc increased its position in shares of Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after purchasing an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. increased its position in shares of Invesco QQQ by 4.2% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 20 shares during the last quarter. Barrett & Company Inc. increased its position in shares of Invesco QQQ by 14.9% during the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 20 shares during the last quarter. MTM Investment Management LLC increased its position in shares of Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock valued at $613,000 after purchasing an additional 21 shares during the last quarter. Finally, Cutler Investment Counsel LLC increased its position in shares of Invesco QQQ by 1.4% during the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after purchasing an additional 21 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 3.5%

Shares of Invesco QQQ stock opened at $589.55 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18. The business’s 50-day moving average price is $583.89 and its 200-day moving average price is $535.94.

Invesco QQQ Increases Dividend

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