Y.D. More Investments Ltd Has $14.92 Million Stock Position in Invesco QQQ $QQQ

Y.D. More Investments Ltd boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 33.1% in the 2nd quarter, Holdings Channel reports. The firm owned 27,052 shares of the exchange traded fund’s stock after buying an additional 6,727 shares during the period. Invesco QQQ accounts for about 1.0% of Y.D. More Investments Ltd’s holdings, making the stock its 19th largest position. Y.D. More Investments Ltd’s holdings in Invesco QQQ were worth $14,915,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Plotkin Financial Advisors LLC lifted its position in shares of Invesco QQQ by 5.5% during the 2nd quarter. Plotkin Financial Advisors LLC now owns 21,006 shares of the exchange traded fund’s stock worth $11,588,000 after buying an additional 1,092 shares during the last quarter. Beta Wealth Group Inc. acquired a new position in Invesco QQQ during the second quarter worth about $221,000. Tortoise Investment Management LLC lifted its holdings in shares of Invesco QQQ by 0.9% in the second quarter. Tortoise Investment Management LLC now owns 2,848 shares of the exchange traded fund’s stock worth $1,571,000 after acquiring an additional 25 shares during the last quarter. Firestone Capital Management boosted its stake in shares of Invesco QQQ by 13.9% in the 2nd quarter. Firestone Capital Management now owns 1,468 shares of the exchange traded fund’s stock valued at $810,000 after purchasing an additional 179 shares in the last quarter. Finally, KM Capital Management Ltd. boosted its stake in shares of Invesco QQQ by 10.4% in the 2nd quarter. KM Capital Management Ltd. now owns 21,141 shares of the exchange traded fund’s stock valued at $11,662,000 after purchasing an additional 1,989 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.1%

QQQ stock opened at $608.86 on Friday. The company has a 50 day simple moving average of $605.86 and a 200 day simple moving average of $565.19. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were issued a dividend of $0.694 per share. 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. The ex-dividend date 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.