Invesco QQQ (NASDAQ:QQQ) Stock Position Raised by Arkansas Financial Group Inc.

Arkansas Financial Group Inc. boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,824 shares of the exchange traded fund’s stock after acquiring an additional 704 shares during the period. Invesco QQQ accounts for about 2.4% of Arkansas Financial Group Inc.’s investment portfolio, making the stock its 10th largest position. Arkansas Financial Group Inc.’s holdings in Invesco QQQ were worth $13,686,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in Invesco QQQ by 40,957.3% during the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after buying an additional 28,263,426 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Invesco QQQ in the first quarter valued at approximately $1,580,776,000. Commonwealth Equity Services LLC increased its position in Invesco QQQ by 7.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,474,824 shares of the exchange traded fund’s stock worth $1,013,490,000 after purchasing an additional 162,691 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp raised its stake in Invesco QQQ by 30.7% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 1,846,386 shares of the exchange traded fund’s stock worth $819,814,000 after purchasing an additional 433,317 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $481.61 on Friday. The business has a fifty day simple moving average of $452.40 and a 200-day simple moving average of $435.37. Invesco QQQ has a 52 week low of $342.35 and a 52 week high of $486.86.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be paid 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 is Monday, June 24th. This represents a $3.05 annualized dividend and a yield of 0.63%.

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.