Arlington Trust Co LLC Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Arlington Trust Co LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,636 shares of the exchange traded fund’s stock after acquiring an additional 54 shares during the period. Arlington Trust Co LLC’s holdings in Invesco QQQ were worth $784,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Global Assets Advisory LLC purchased a new position in shares of Invesco QQQ during the first quarter worth $1,580,776,000. Steel Grove Capital Advisors LLC raised its stake in shares of Invesco QQQ by 934.0% in the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after acquiring an additional 3,102,568 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after acquiring an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC raised its stake in shares of Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after acquiring an additional 894,532 shares in the last quarter. Finally, Harvard Management Co. Inc. acquired a new stake in shares of Invesco QQQ in the first quarter valued at $304,591,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 2.7 %

Shares of NASDAQ QQQ opened at $448.69 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The business’s fifty day simple moving average is $472.43 and its 200-day simple moving average is $456.11.

Invesco QQQ Increases Dividend

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

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.