Koss Olinger Consulting LLC Acquires New Holdings in Invesco QQQ (NASDAQ:QQQ)

Koss Olinger Consulting LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 5,108 shares of the exchange traded fund’s stock, valued at approximately $2,447,000.

A number of other institutional investors have also recently bought and sold shares of QQQ. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ during the first quarter worth about $28,000. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ during the 1st quarter worth approximately $29,000. Mechanics Financial Corp bought a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $30,000. Legacy Bridge LLC raised its holdings in shares of Invesco QQQ by 800.0% in the first 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 last quarter. Finally, Voisard Asset Management Group Inc. bought a new stake in shares of Invesco QQQ in the fourth quarter worth $35,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of 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 firm has a fifty day simple moving average of $472.43 and a 200 day simple moving average of $456.11.

Invesco QQQ Increases Dividend

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