Asset Advisors Investment Management LLC Acquires 113 Shares of Invesco QQQ $QQQ

Asset Advisors Investment Management LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 22.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 624 shares of the exchange traded fund’s stock after acquiring an additional 113 shares during the quarter. Asset Advisors Investment Management LLC’s holdings in Invesco QQQ were worth $344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Compass Financial Services Inc boosted its stake in shares of Invesco QQQ by 0.4% during the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock worth $2,345,000 after acquiring an additional 19 shares during the period. Vermillion Wealth Management Inc. boosted its stake in shares of Invesco QQQ by 4.2% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock worth $271,000 after acquiring an additional 20 shares during the period. MTM Investment Management LLC boosted its stake in shares of Invesco QQQ by 1.6% during the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund’s stock worth $613,000 after acquiring an additional 21 shares during the period. Cutler Investment Counsel LLC boosted its stake in Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund’s stock valued at $710,000 after purchasing an additional 21 shares during the period. Finally, Occidental Asset Management LLC boosted its stake in Invesco QQQ by 1.7% in the 2nd quarter. Occidental Asset Management LLC now owns 1,230 shares of the exchange traded fund’s stock valued at $678,000 after purchasing an additional 21 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $603.18 on Friday. The business has a fifty day simple moving average of $579.85 and a 200 day simple moving average of $531.81. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $607.33.

Invesco QQQ Increases Dividend

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

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.