Invesco QQQ $QQQ Shares Acquired by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.9% in the second quarter, Holdings Channel reports. The firm owned 5,720 shares of the exchange traded fund’s stock after buying an additional 371 shares during the period. Midwest Professional Planners LTD.’s holdings in Invesco QQQ were worth $3,155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the period. Wealth Group Ltd. grew its stake in shares of Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after buying an additional 4,835 shares in the last quarter. Formidable Asset Management LLC raised its holdings in shares of Invesco QQQ by 4.8% in the 1st quarter. Formidable Asset Management LLC now owns 1,587 shares of the exchange traded fund’s stock valued at $744,000 after buying an additional 73 shares during the period. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Invesco QQQ by 3.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 409,205 shares of the exchange traded fund’s stock worth $191,888,000 after acquiring an additional 13,729 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.1%

NASDAQ QQQ opened at $608.86 on Monday. The stock has a 50-day moving average of $605.86 and a two-hundred day moving average of $565.82. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a 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.