Invesco QQQ $QQQ is ETF Portfolio Partners Inc.’s 5th Largest Position

ETF Portfolio Partners Inc. boosted its position in Invesco QQQ (NASDAQ:QQQ) by 3.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,362 shares of the exchange traded fund’s stock after buying an additional 977 shares during the quarter. Invesco QQQ makes up about 4.9% of ETF Portfolio Partners Inc.’s holdings, making the stock its 5th largest position. ETF Portfolio Partners Inc.’s holdings in Invesco QQQ were worth $17,852,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Marshall & Sullivan Inc. WA purchased a new position in shares of Invesco QQQ in the second quarter valued at $41,000. Alpine Bank Wealth Management purchased a new position in shares of Invesco QQQ in the first quarter valued at $50,000. Westend Capital Management LLC purchased a new position in shares of Invesco QQQ in the first quarter valued at $51,000. Blume Capital Management Inc. grew its position in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC grew its position in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing 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 Trading Up 1.1%

Shares of NASDAQ QQQ opened at $611.44 on Thursday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $611.75. The stock has a fifty day moving average of $582.26 and a 200-day moving average of $534.45.

Invesco QQQ Increases Dividend

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

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.