407 Shares in Invesco QQQ $QQQ Bought by Triton Financial Group Inc

Triton Financial Group Inc bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the second quarter, HoldingsChannel.com reports. The firm bought 407 shares of the exchange traded fund’s stock, valued at approximately $225,000.

Other hedge funds have also made changes to their positions in the company. Clune & Associates LTD. increased its position in shares of Invesco QQQ by 17.7% in the second quarter. Clune & Associates LTD. now owns 1,693 shares of the exchange traded fund’s stock valued at $934,000 after buying an additional 254 shares in the last quarter. Darrow Company Inc. grew its stake in Invesco QQQ by 4.4% in the 2nd quarter. Darrow Company Inc. now owns 45,218 shares of the exchange traded fund’s stock valued at $24,932,000 after acquiring an additional 1,890 shares during the last quarter. Phoenix Financial Ltd. grew its stake in Invesco QQQ by 8.0% in the 2nd quarter. Phoenix Financial Ltd. now owns 147,959 shares of the exchange traded fund’s stock valued at $81,676,000 after acquiring an additional 10,998 shares during the last quarter. Avidian Wealth Enterprises LLC raised its position in Invesco QQQ by 16.8% during the second quarter. Avidian Wealth Enterprises LLC now owns 6,103 shares of the exchange traded fund’s stock worth $3,367,000 after acquiring an additional 879 shares during the last quarter. Finally, Journey Advisory Group LLC raised its position in Invesco QQQ by 12.5% during the second quarter. Journey Advisory Group LLC now owns 7,775 shares of the exchange traded fund’s stock worth $4,289,000 after acquiring an additional 866 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.3%

Shares of NASDAQ QQQ opened at $611.54 on Tuesday. The firm’s 50-day moving average is $588.07 and its two-hundred day moving average is $542.68. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $613.18.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a 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.