Invesco QQQ $QQQ Shares Acquired by Northstar Financial Companies Inc.

Northstar Financial Companies Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 100.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,273 shares of the exchange traded fund’s stock after buying an additional 637 shares during the period. Northstar Financial Companies Inc.’s holdings in Invesco QQQ were worth $702,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Wealth Group Ltd. increased its stake in Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after purchasing an additional 4,835 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in Invesco QQQ by 121.9% during the first quarter. Y Intercept Hong Kong Ltd now owns 2,465 shares of the exchange traded fund’s stock worth $1,156,000 after purchasing an additional 1,354 shares in the last quarter. Finally, Opes Wealth Management LLC raised its holdings in Invesco QQQ by 54.7% during the first quarter. Opes Wealth Management LLC now owns 1,522 shares of the exchange traded fund’s stock worth $714,000 after purchasing an additional 538 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.4%

QQQ opened at $585.67 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01. The business’s 50-day simple moving average is $607.08 and its 200-day simple moving average is $567.79.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given 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 of this dividend was 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.