Outfitter Financial LLC Acquires 565 Shares of Invesco QQQ $QQQ

Outfitter Financial LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 22.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,028 shares of the exchange traded fund’s stock after purchasing an additional 565 shares during the quarter. Invesco QQQ comprises approximately 1.4% of Outfitter Financial LLC’s portfolio, making the stock its 25th largest holding. Outfitter Financial LLC’s holdings in Invesco QQQ were worth $1,670,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC increased its holdings in shares of Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after purchasing an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after purchasing an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. bought a new position in shares of Invesco QQQ in the first quarter worth $2,775,904,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco QQQ by 1.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,201,107 shares of the exchange traded fund’s stock worth $1,501,063,000 after purchasing an additional 52,234 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Invesco QQQ by 2.3% in the first quarter. Commonwealth Equity Services LLC now owns 2,480,244 shares of the exchange traded fund’s stock worth $1,163,036,000 after purchasing an additional 54,944 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $623.28 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The business’s fifty day simple moving average is $599.86 and its 200 day simple moving average is $557.61.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were paid a $0.694 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 22nd.

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.