Invesco QQQ $QQQ is Hazlett Burt & Watson Inc.’s 2nd Largest Position

Hazlett Burt & Watson Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.4% in the second quarter, Holdings Channel.com reports. The firm owned 21,786 shares of the exchange traded fund’s stock after selling 79 shares during the period. Invesco QQQ makes up approximately 4.9% of Hazlett Burt & Watson Inc.’s investment portfolio, making the stock its 2nd biggest position. Hazlett Burt & Watson Inc.’s holdings in Invesco QQQ were worth $12,030,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in QQQ. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ in the 2nd quarter valued at $41,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ during the 1st quarter valued at $51,000. Blume Capital Management Inc. boosted its position in Invesco QQQ by 105.0% during 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 boosted its position in Invesco QQQ by 3,000.0% during 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. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $602.01 on Tuesday. The firm has a fifty day simple moving average of $584.64 and a two-hundred day simple moving average of $537.61. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18.

Invesco QQQ Increases Dividend

The company also recently declared 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 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.