626 Financial LLC Makes New Investment in Invesco QQQ $QQQ

626 Financial LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 363 shares of the exchange traded fund’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Morgan Dempsey Capital Management LLC bought a new stake in Invesco QQQ in the second quarter worth about $30,000. Marshall & Sullivan Inc. WA acquired a new stake in Invesco QQQ during the 2nd quarter worth about $41,000. Blume Capital Management Inc. lifted its stake in Invesco QQQ by 105.0% during the first 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. Moser Wealth Advisors LLC lifted its stake in Invesco QQQ by 930.0% during the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC lifted 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 valued at $58,000 after buying an additional 120 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.8%

QQQ stock opened at $632.92 on Wednesday. Invesco QQQ has a one year low of $402.39 and a one year high of $634.68. The firm has a 50-day moving average of $592.90 and a two-hundred day moving average of $550.17.

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 paid a dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is 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.