Clark Asset Management LLC Grows Stock Holdings in Invesco QQQ $QQQ

Clark Asset Management LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,384 shares of the exchange traded fund’s stock after buying an additional 876 shares during the quarter. Invesco QQQ comprises approximately 0.6% of Clark Asset Management LLC’s portfolio, making the stock its 24th largest position. Clark Asset Management LLC’s holdings in Invesco QQQ were worth $4,625,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Compass Financial Services Inc raised its position 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 valued at $2,345,000 after buying an additional 19 shares during the period. Vermillion Wealth Management Inc. grew its stake in shares of Invesco QQQ by 4.2% in the second 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 in the last quarter. Barrett & Company Inc. grew its stake in shares of Invesco QQQ by 14.9% in the second quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock worth $85,000 after acquiring an additional 20 shares in the last quarter. waypoint wealth counsel grew its stake in shares of Invesco QQQ by 0.6% during the second quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock worth $1,964,000 after purchasing an additional 20 shares in the last quarter. Finally, Investment Advisory Group LLC grew its stake in shares of Invesco QQQ by 0.4% during the second quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock worth $3,158,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.8%

Shares of QQQ stock opened at $628.09 on Tuesday. The firm has a fifty day moving average price of $591.63 and a 200 day moving average price of $548.87. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $628.55.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a dividend of $0.694 per share. The ex-dividend date is Monday, September 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%.

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.