Navigation Group LLC Invests $1.18 Million in Invesco QQQ $QQQ

Navigation Group LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQFree Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,047 shares of the exchange traded fund’s stock, valued at approximately $1,182,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the last quarter. Jupiter Wealth Management LLC acquired a new stake in Invesco QQQ during the 2nd quarter worth approximately $290,000. Wealth Group Ltd. boosted its stake in Invesco QQQ by 283.7% in the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after purchasing an additional 18,210 shares during the period. Finally, Invesco Ltd. boosted its stake in Invesco QQQ by 1,057.3% in the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock valued at $18,239,000 after purchasing an additional 30,206 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3%

Shares of NASDAQ QQQ opened at $717.74 on Thursday. The stock’s fifty day moving average price is $720.50 and its two-hundred day moving average price is $652.26. Invesco QQQ has a one year low of $551.56 and a one year high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were paid a $0.8135 dividend. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

About Invesco QQQ

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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