ONE Advisory Partners LLC Acquires 37 Shares of Invesco QQQ $QQQ

ONE Advisory Partners LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 7.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 513 shares of the exchange traded fund’s stock after acquiring an additional 37 shares during the period. ONE Advisory Partners LLC’s holdings in Invesco QQQ were worth $289,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Welch Group LLC boosted its position in shares of Invesco QQQ by 29.8% during the second quarter. Welch Group LLC now owns 4,839 shares of the exchange traded fund’s stock worth $2,670,000 after acquiring an additional 1,110 shares during the last quarter. Cypress Capital Group increased its holdings in Invesco QQQ by 5.0% in the 2nd quarter. Cypress Capital Group now owns 22,513 shares of the exchange traded fund’s stock valued at $12,419,000 after acquiring an additional 1,073 shares during the last quarter. Dynamic Financial Group lifted its stake in Invesco QQQ by 32.7% in the 2nd quarter. Dynamic Financial Group now owns 1,323 shares of the exchange traded fund’s stock worth $730,000 after purchasing an additional 326 shares in the last quarter. Gordian Advisors LLC boosted its holdings in shares of Invesco QQQ by 13.1% during the 2nd quarter. Gordian Advisors LLC now owns 710 shares of the exchange traded fund’s stock valued at $392,000 after purchasing an additional 82 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Invesco QQQ during the 2nd quarter valued at about $1,759,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.1%

Shares of QQQ stock opened at $602.01 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18. The stock’s 50-day moving average price is $584.64 and its 200-day moving average price is $537.61.

Invesco QQQ Increases Dividend

The company 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 is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. 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%.

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.