Invesco QQQ (NASDAQ:QQQ) Position Increased by Advisor OS LLC

Advisor OS LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 16.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,580 shares of the exchange traded fund’s stock after purchasing an additional 806 shares during the quarter. Advisor OS LLC’s holdings in Invesco QQQ were worth $2,673,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new stake in Invesco QQQ during the 1st quarter valued at $28,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ in the first quarter worth about $29,000. Mechanics Financial Corp bought a new position in Invesco QQQ in the 2nd quarter valued at about $30,000. Legacy Bridge LLC increased its stake in 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 buying an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter worth about $35,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $448.69 on Friday. The business has a fifty day simple moving average of $472.43 and a 200-day simple moving average of $455.91. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were given a $0.7615 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, June 24th.

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.