Vantage Point Financial LLC Has $1.55 Million Stock Holdings in Invesco QQQ $QQQ

Vantage Point Financial LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,804 shares of the exchange traded fund’s stock after selling 37 shares during the period. Vantage Point Financial LLC’s holdings in Invesco QQQ were worth $1,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Marshall & Sullivan Inc. WA acquired a new stake in shares of Invesco QQQ in the second quarter worth $41,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the first quarter worth $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter worth $51,000. Blume Capital Management Inc. grew its stake in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its stake 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 acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $589.55 on Friday. The company’s fifty day simple moving average is $583.89 and its 200-day simple moving average is $535.94. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a $0.694 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a boost 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.