Eagle Strategies LLC Grows Stake in Invesco QQQ $QQQ

Eagle Strategies LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,394 shares of the exchange traded fund’s stock after buying an additional 126 shares during the quarter. Eagle Strategies LLC’s holdings in Invesco QQQ were worth $2,424,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ during the 2nd quarter valued at approximately $41,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at approximately $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at approximately $51,000. Blume Capital Management Inc. lifted its stake in shares of 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 buying an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC lifted its stake in shares of Invesco QQQ by 3,000.0% during the 1st 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 hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $610.70 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $611.75. The firm’s 50 day moving average is $583.17 and its 200 day moving average is $535.28.

Invesco QQQ Increases Dividend

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

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.