Stevens Capital Partners Takes Position in Invesco QQQ $QQQ

Stevens Capital Partners bought a new position in Invesco QQQ (NASDAQ:QQQ) during the 2nd quarter, Holdings Channel.com reports. The fund bought 767 shares of the exchange traded fund’s stock, valued at approximately $435,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Morgan Dempsey Capital Management LLC purchased a new stake in Invesco QQQ in the 2nd quarter worth $30,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the second quarter worth about $41,000. Moser Wealth Advisors LLC increased its holdings in shares of Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 93 shares during the last quarter. Atlantic Private Wealth LLC lifted 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 worth $58,000 after buying an additional 120 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in Invesco QQQ during the first quarter valued at approximately $70,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $614.27 on Thursday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The business has a 50 day simple moving average of $608.26 and a two-hundred day simple moving average of $571.70.

Invesco QQQ Increases Dividend

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

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.