Dorsey & Whitney Trust CO LLC Increases Stock Position in Invesco QQQ $QQQ

Dorsey & Whitney Trust CO LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 10.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,249 shares of the exchange traded fund’s stock after purchasing an additional 299 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Invesco QQQ were worth $1,792,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQ. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ in the second quarter worth about $30,000. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ during the second quarter valued at $41,000. Moser Wealth Advisors LLC grew its stake in shares of Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 93 shares in the last quarter. Blume Capital Management Inc. raised its position 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 buying an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC increased its stake in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.9%

NASDAQ:QQQ opened at $603.66 on Tuesday. The business has a 50 day simple moving average of $606.35 and a 200-day simple moving average of $566.68. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ Company 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.