544 Shares in Invesco QQQ $QQQ Purchased by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 544 shares of the exchange traded fund’s stock, valued at approximately $300,000.

Other hedge funds also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC bought a new position in Invesco QQQ in the second quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ during the second quarter worth $41,000. Moser Wealth Advisors LLC grew its stake in shares of Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares during the period. Blume Capital Management Inc. increased its holdings in Invesco QQQ by 105.0% in the first 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 stake in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $599.87 on Thursday. The business has a 50-day moving average of $607.05 and a 200-day moving average of $567.67. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a $0.694 dividend. 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 was Monday, September 22nd.

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.