Advantage Trust Co Invests $165,000 in Invesco QQQ $QQQ

Advantage Trust Co bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 300 shares of the exchange traded fund’s stock, valued at approximately $165,000.

A number of other institutional investors also recently modified their holdings of QQQ. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ in the 2nd quarter valued at $30,000. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ during the 2nd quarter valued at $41,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ during the 1st quarter valued at $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ during the 1st quarter valued at $51,000. Finally, Blume Capital Management Inc. lifted its stake in 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 acquiring an additional 2,536 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $611.54 on Tuesday. The stock’s fifty day simple moving average is $588.07 and its two-hundred day simple moving average is $542.68. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $613.18.

Invesco QQQ Increases Dividend

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

About Invesco QQQ

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.