Mainsail Financial Group LLC Purchases 156 Shares of Invesco QQQ (NASDAQ:QQQ)

Mainsail Financial Group LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 3.2% during the 1st quarter, HoldingsChannel reports. The firm owned 4,983 shares of the exchange traded fund’s stock after buying an additional 156 shares during the period. Invesco QQQ comprises about 1.5% of Mainsail Financial Group LLC’s investment portfolio, making the stock its 24th biggest position. Mainsail Financial Group LLC’s holdings in Invesco QQQ were worth $2,213,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Pachira Investments Inc. grew its position in Invesco QQQ by 8.7% in the first quarter. Pachira Investments Inc. now owns 11,800 shares of the exchange traded fund’s stock worth $5,240,000 after acquiring an additional 944 shares in the last quarter. Arcus Capital Partners LLC grew its position in Invesco QQQ by 13.8% in the first quarter. Arcus Capital Partners LLC now owns 17,730 shares of the exchange traded fund’s stock worth $7,872,000 after acquiring an additional 2,146 shares in the last quarter. Madrona Financial Services LLC grew its position in Invesco QQQ by 2.5% in the first quarter. Madrona Financial Services LLC now owns 46,591 shares of the exchange traded fund’s stock worth $20,687,000 after acquiring an additional 1,133 shares in the last quarter. Hudson Capital Management LLC purchased a new position in Invesco QQQ in the first quarter worth $201,000. Finally, Norden Group LLC grew its position in Invesco QQQ by 3,011.9% in the first quarter. Norden Group LLC now owns 188,428 shares of the exchange traded fund’s stock worth $83,664,000 after acquiring an additional 182,373 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.8 %

Shares of NASDAQ:QQQ opened at $491.04 on Friday. Invesco QQQ has a 52-week low of $342.35 and a 52-week high of $491.17. The firm has a fifty day moving average of $458.64 and a 200 day moving average of $438.27.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be given a $0.7615 dividend. The ex-dividend date is Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.62%.

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.