385 Shares in Invesco QQQ $QQQ Purchased by Warburton Capital Management LLC

Warburton Capital Management LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 385 shares of the exchange traded fund’s stock, valued at approximately $218,000.

Other hedge funds have also modified their holdings of the company. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ during the second quarter worth about $30,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $41,000. Alpine Bank Wealth Management acquired a new position in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC acquired a new position in shares of Invesco QQQ during the 1st quarter worth approximately $51,000. Finally, Blume Capital Management Inc. increased its position in shares of Invesco QQQ by 105.0% during 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. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.8%

NASDAQ:QQQ opened at $610.58 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18. The stock’s 50 day moving average price is $589.82 and its two-hundred day moving average price is $544.88.

Invesco QQQ Increases Dividend

The business 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 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%.

About Invesco QQQ

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.