Invesco QQQ $QQQ is Rik Saylor Financial Inc.’s 2nd Largest Position

Rik Saylor Financial Inc. reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,627 shares of the exchange traded fund’s stock after selling 90 shares during the quarter. Invesco QQQ makes up approximately 5.8% of Rik Saylor Financial Inc.’s investment portfolio, making the stock its 2nd largest position. Rik Saylor Financial Inc.’s holdings in Invesco QQQ were worth $7,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ in the 2nd quarter valued at $41,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ in the 1st quarter valued at $51,000. Blume Capital Management Inc. grew its holdings 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 worth $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC grew its holdings 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 worth $58,000 after purchasing an additional 120 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.7%

NASDAQ QQQ opened at $602.22 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18. The stock has a fifty day simple moving average of $586.10 and a 200-day simple moving average of $538.48.

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

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.