Invesco QQQ $QQQ Position Lifted by PKS Advisory Services LLC

PKS Advisory Services LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,812 shares of the exchange traded fund’s stock after acquiring an additional 1,945 shares during the quarter. Invesco QQQ comprises approximately 6.5% of PKS Advisory Services LLC’s portfolio, making the stock its 2nd biggest position. PKS Advisory Services LLC’s holdings in Invesco QQQ were worth $26,375,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GSG Advisors LLC raised its holdings in Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after purchasing an additional 585 shares in the last quarter. Amundi boosted its holdings in Invesco QQQ by 6.3% in the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock valued at $49,980,000 after purchasing an additional 6,600 shares in the last quarter. Greykasell Wealth Strategies Inc. increased its position in Invesco QQQ by 8.4% during the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after purchasing an additional 605 shares during the period. AM Investment Strategies LLC raised its stake in shares of Invesco QQQ by 46.5% during the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after buying an additional 612 shares in the last quarter. Finally, Banco Santander S.A. lifted its holdings in shares of Invesco QQQ by 100.2% in the 1st quarter. Banco Santander S.A. now owns 75,125 shares of the exchange traded fund’s stock valued at $35,228,000 after buying an additional 37,605 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.6%

Shares of QQQ stock opened at $599.87 on Thursday. The business’s fifty day moving average price is $607.05 and its 200 day moving average price is $567.67. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were issued a $0.694 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

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.