1,441 Shares in Invesco QQQ $QQQ Acquired by Future Fund LLC

Future Fund LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,441 shares of the exchange traded fund’s stock, valued at approximately $795,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC increased its stake in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the last quarter. Wealth Group Ltd. increased its stake in Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after acquiring an additional 4,835 shares during the last quarter. Bank of New York Mellon Corp raised its position in Invesco QQQ by 7.7% in the first quarter. Bank of New York Mellon Corp now owns 99,906 shares of the exchange traded fund’s stock valued at $46,848,000 after purchasing an additional 7,147 shares during the period. Finally, 3EDGE Asset Management LP lifted its stake in shares of Invesco QQQ by 29.7% in the 1st quarter. 3EDGE Asset Management LP now owns 2,386 shares of the exchange traded fund’s stock valued at $1,119,000 after purchasing an additional 547 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.3%

NASDAQ QQQ opened at $609.74 on Monday. The stock has a fifty day simple moving average of $601.34 and a 200-day simple moving average of $560.76. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, September 22nd.

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.