Apollon Financial LLC Has $2.91 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Apollon Financial LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 1.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,071 shares of the exchange traded fund’s stock after purchasing an additional 97 shares during the period. Invesco QQQ accounts for 0.9% of Apollon Financial LLC’s holdings, making the stock its 26th biggest position. Apollon Financial LLC’s holdings in Invesco QQQ were worth $2,909,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the first quarter worth $28,000. Deane Retirement Strategies Inc. purchased a new position in shares of Invesco QQQ in the 1st quarter worth $29,000. Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Voisard Asset Management Group Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter worth $35,000. Finally, Chelsea Counsel Co. purchased a new position in Invesco QQQ during the first quarter valued at $40,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 1.3 %

QQQ stock traded up $6.24 during midday trading on Monday, hitting $481.27. The company’s stock had a trading volume of 23,104,023 shares, compared to its average volume of 40,921,672. The company has a 50 day moving average of $474.36 and a two-hundred day moving average of $451.94. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were given a dividend of $0.7615 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.63%.

Invesco QQQ 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.