Highview Capital Management LLC DE Buys 413 Shares of Invesco QQQ $QQQ

Highview Capital Management LLC DE boosted its position in Invesco QQQ (NASDAQ:QQQ) by 28.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,878 shares of the exchange traded fund’s stock after purchasing an additional 413 shares during the quarter. Highview Capital Management LLC DE’s holdings in Invesco QQQ were worth $1,036,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of QQQ. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ in the second quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ during the 2nd quarter valued at $41,000. Blume Capital Management Inc. boosted 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 in the last quarter. Moser Wealth Advisors LLC grew its stake in Invesco QQQ by 930.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 93 shares during the last quarter. Finally, Atlantic Private Wealth LLC increased its position in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.2%

Invesco QQQ stock opened at $596.31 on Wednesday. The stock has a 50-day moving average of $606.67 and a two-hundred day moving average of $567.44. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a $0.694 dividend. 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 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.