Sykon Capital LLC Buys New Stake in Invesco QQQ $QQQ

Sykon Capital LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,601 shares of the exchange traded fund’s stock, valued at approximately $8,606,000. Invesco QQQ accounts for approximately 3.1% of Sykon Capital LLC’s investment portfolio, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Morgan Dempsey Capital Management LLC bought a new stake in shares of Invesco QQQ during the 2nd quarter worth about $30,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Invesco QQQ during the second quarter valued at approximately $41,000. Moser Wealth Advisors LLC raised its holdings in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares in the last quarter. Blume Capital Management Inc. raised its holdings in Invesco QQQ by 105.0% during the first 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 in the last quarter. Finally, Atlantic Private Wealth LLC lifted its position in Invesco QQQ by 3,000.0% in the first 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 period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.1%

Shares of NASDAQ QQQ opened at $608.86 on Monday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01. The stock has a fifty day moving average price of $605.86 and a two-hundred day moving average price of $565.82.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a dividend of $0.694 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.