Invesco QQQ $QQQ is Mission Hills Financial Advisory LLC’s 5th Largest Position

Mission Hills Financial Advisory LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 2.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 18,247 shares of the exchange traded fund’s stock after buying an additional 365 shares during the quarter. Invesco QQQ makes up 6.2% of Mission Hills Financial Advisory LLC’s holdings, making the stock its 5th largest holding. Mission Hills Financial Advisory LLC’s holdings in Invesco QQQ were worth $10,066,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ in the 2nd quarter worth about $41,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the 1st quarter worth about $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the 1st quarter worth about $51,000. Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC raised its position in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7%

QQQ opened at $602.22 on Thursday. The stock has a 50-day moving average price of $586.10 and a 200-day moving average price of $538.48. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18.

Invesco QQQ Increases Dividend

The firm 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 $0.694 dividend. 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 dividend on an annualized basis and a yield of 0.5%.

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.