TPG Advisors LLC Buys 122 Shares of Invesco QQQ $QQQ

TPG Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 12.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,077 shares of the exchange traded fund’s stock after buying an additional 122 shares during the period. TPG Advisors LLC’s holdings in Invesco QQQ were worth $594,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in QQQ. Brighton Jones LLC grew its position in shares of 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 buying 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 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Apella Capital LLC boosted its position in shares of Invesco QQQ by 7.1% during the 1st quarter. Apella Capital LLC now owns 4,074 shares of the exchange traded fund’s stock valued at $1,898,000 after purchasing an additional 269 shares in the last quarter. Sendero Wealth Management LLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at about $273,000. Finally, Portside Wealth Group LLC boosted its position in shares of Invesco QQQ by 18.9% during the 1st quarter. Portside Wealth Group LLC now owns 1,695 shares of the exchange traded fund’s stock valued at $867,000 after purchasing an additional 269 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $605.73 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $607.16. The stock’s 50-day moving average is $579.12 and its 200 day moving average is $530.93.

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

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.