Invesco QQQ $QQQ Shares Purchased by SlateStone Wealth LLC

SlateStone Wealth LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,244 shares of the exchange traded fund’s stock after acquiring an additional 198 shares during the period. SlateStone Wealth LLC’s holdings in Invesco QQQ were worth $3,444,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC acquired a new stake in Invesco QQQ in the second quarter valued at $30,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth about $41,000. Moser Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 93 shares in the last quarter. Atlantic Private Wealth LLC lifted its stake in Invesco QQQ by 3,000.0% during 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 last quarter. Finally, Ransom Advisory Ltd acquired a new position in Invesco QQQ in the first quarter valued at approximately $70,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $605.16 on Tuesday. The company has a fifty day simple moving average of $607.42 and a 200-day simple moving average of $570.55. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were issued a $0.694 dividend. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase 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.