M.E. Allison & CO. Inc. Purchases 69 Shares of Invesco QQQ $QQQ

M.E. Allison & CO. Inc. lifted its position in Invesco QQQ (NASDAQ:QQQ) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,709 shares of the exchange traded fund’s stock after acquiring an additional 69 shares during the quarter. M.E. Allison & CO. Inc.’s holdings in Invesco QQQ were worth $943,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. GSG Advisors LLC lifted its position in shares of Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after buying an additional 585 shares in the last quarter. Amundi lifted its position in shares of Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock worth $49,980,000 after buying an additional 6,600 shares in the last quarter. Jackson Wealth Management LLC lifted its position in shares of Invesco QQQ by 8.6% during the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock worth $9,428,000 after buying an additional 1,586 shares in the last quarter. Greykasell Wealth Strategies Inc. lifted its position in shares of Invesco QQQ by 8.4% during the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after buying an additional 605 shares in the last quarter. Finally, AM Investment Strategies LLC lifted its position in shares of Invesco QQQ by 46.5% during the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after buying an additional 612 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $602.01 on Tuesday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $613.18. The company’s 50 day moving average price is $584.64 and its two-hundred day moving average price is $537.61.

Invesco QQQ Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

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.