Invesco QQQ $QQQ Shares Acquired by Joule Financial LLC

Joule Financial LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,591 shares of the exchange traded fund’s stock after buying an additional 38 shares during the period. Invesco QQQ makes up about 1.4% of Joule Financial LLC’s investment portfolio, making the stock its 14th largest holding. Joule Financial LLC’s holdings in Invesco QQQ were worth $4,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ in the second quarter worth approximately $41,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the first quarter worth approximately $51,000. Blume Capital Management Inc. lifted its position in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC lifted its position in Invesco QQQ by 3,000.0% in 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 period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.8%

Shares of NASDAQ:QQQ opened at $607.71 on Tuesday. Invesco QQQ has a one year low of $402.39 and a one year high of $609.36. The stock has a fifty day moving average of $580.65 and a 200-day moving average of $533.42.

Invesco QQQ Increases Dividend

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

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.