Eclectic Associates Inc. ADV Has $3.93 Million Stock Position in Invesco QQQ $QQQ

Eclectic Associates Inc. ADV lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 17.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,126 shares of the exchange traded fund’s stock after selling 1,491 shares during the quarter. Eclectic Associates Inc. ADV’s holdings in Invesco QQQ were worth $3,931,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $41,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $51,000. Blume Capital Management Inc. boosted its holdings in shares of Invesco QQQ by 105.0% in 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 during the last quarter. Finally, Atlantic Private Wealth LLC boosted its holdings in shares of Invesco QQQ by 3,000.0% in 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 during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $600.37 on Wednesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $602.87. The stock has a 50 day moving average of $577.51 and a 200-day moving average of $529.57.

Invesco QQQ Increases Dividend

The business also recently disclosed 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. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59.

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.