Financial Connections Group Inc. Acquires 68 Shares of Invesco QQQ $QQQ

Financial Connections Group Inc. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 47.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 210 shares of the exchange traded fund’s stock after purchasing an additional 68 shares during the period. Financial Connections Group Inc.’s holdings in Invesco QQQ were worth $115,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ during the second quarter valued at about $41,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ during the first quarter valued at approximately $51,000. Blume Capital Management Inc. lifted its holdings in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC lifted its holdings in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 3.5%

Shares of QQQ opened at $589.55 on Friday. The stock has a fifty day moving average price of $583.89 and a 200-day moving average price of $536.30. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given 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 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.