LGT Financial Advisors LLC Purchases 100 Shares of Invesco QQQ $QQQ

LGT Financial Advisors LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 52.6% during the second quarter, Holdings Channel reports. The fund owned 290 shares of the exchange traded fund’s stock after buying an additional 100 shares during the period. LGT Financial Advisors LLC’s holdings in Invesco QQQ were worth $160,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. GSG Advisors LLC grew its stake in shares of Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock valued at $3,600,000 after buying an additional 585 shares during the last quarter. Amundi lifted its stake in shares of 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 acquiring an additional 6,600 shares during the last quarter. Jackson Wealth Management LLC boosted its holdings in Invesco QQQ by 8.6% during the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock valued at $9,428,000 after acquiring an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. boosted its holdings 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 valued at $3,649,000 after acquiring an additional 605 shares during the period. Finally, AM Investment Strategies LLC grew its position in 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 acquiring an additional 612 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.3%

Shares of Invesco QQQ stock opened at $611.54 on Tuesday. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18. The business’s 50 day simple moving average is $588.07 and its two-hundred day simple moving average is $542.68.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd.

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.