Invesco QQQ $QQQ Holdings Increased by Darrow Company Inc.

Darrow Company Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,218 shares of the exchange traded fund’s stock after acquiring an additional 1,890 shares during the quarter. Invesco QQQ comprises about 12.6% of Darrow Company Inc.’s investment portfolio, making the stock its biggest holding. Darrow Company Inc.’s holdings in Invesco QQQ were worth $24,932,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. GSG Advisors LLC grew its stake in shares of Invesco QQQ by 8.2% in the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after acquiring an additional 585 shares during the last quarter. Amundi raised its position 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 worth $49,980,000 after purchasing an additional 6,600 shares during the last quarter. Jackson Wealth Management LLC boosted its stake in Invesco QQQ by 8.6% in the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund’s stock worth $9,428,000 after purchasing an additional 1,586 shares in the last quarter. Greykasell Wealth Strategies Inc. boosted its stake in Invesco QQQ by 8.4% in 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 in the last quarter. 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 valued at $904,000 after purchasing 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 52-week low of $402.39 and a 52-week high of $613.18. The company has a 50-day simple moving average of $588.07 and a two-hundred day simple moving average of $542.68.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.