Invesco QQQ $QQQ Position Increased by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,797 shares of the exchange traded fund’s stock after purchasing an additional 1,059 shares during the period. First Horizon Advisors Inc.’s holdings in Invesco QQQ were worth $21,402,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Compass Financial Services Inc increased its position in Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after acquiring an additional 19 shares during the period. Vermillion Wealth Management Inc. increased its position in Invesco QQQ by 4.2% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock valued at $271,000 after acquiring an additional 20 shares during the period. Barrett & Company Inc. increased its position in Invesco QQQ by 14.9% in the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 20 shares during the period. waypoint wealth counsel increased its position in Invesco QQQ by 0.6% in the 2nd quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock valued at $1,964,000 after acquiring an additional 20 shares during the period. Finally, Investment Advisory Group LLC increased its position in Invesco QQQ by 0.4% in the 2nd quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock valued at $3,158,000 after acquiring an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 2.0%

Shares of QQQ stock opened at $619.25 on Wednesday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The business’s fifty day moving average is $598.87 and its 200-day moving average is $557.15.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were given 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 was Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.4%.

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.