Mezzasalma Advisors LLC Has $1.82 Million Stake in Invesco QQQ $QQQ

Mezzasalma Advisors LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,295 shares of the exchange traded fund’s stock after purchasing an additional 22 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Invesco QQQ were worth $1,817,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC increased its holdings in Invesco QQQ by 1.2% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 37,662 shares of the exchange traded fund’s stock worth $21,234,000 after purchasing an additional 451 shares in the last quarter. Sigma Investment Counselors Inc. boosted its position in shares of Invesco QQQ by 14.8% during the second quarter. Sigma Investment Counselors Inc. now owns 25,127 shares of the exchange traded fund’s stock valued at $13,861,000 after buying an additional 3,235 shares during the last quarter. Financial Synergies Wealth Advisors Inc. grew its holdings in Invesco QQQ by 5.6% during the second quarter. Financial Synergies Wealth Advisors Inc. now owns 1,628 shares of the exchange traded fund’s stock worth $898,000 after buying an additional 86 shares in the last quarter. John G Ullman & Associates Inc. purchased a new stake in Invesco QQQ in the 2nd quarter valued at $209,000. Finally, Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7%

QQQ opened at $603.93 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18. The firm’s fifty day moving average price is $587.30 and its two-hundred day moving average price is $540.73.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change 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.