2,427 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. bought a new position in Invesco QQQ (NASDAQ:QQQ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,427 shares of the exchange traded fund’s stock, valued at approximately $1,163,000.

A number of other hedge funds also recently made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. increased its stake in Invesco QQQ by 789.5% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 88,813 shares of the exchange traded fund’s stock worth $36,371,000 after acquiring an additional 78,828 shares during the last quarter. First Western Trust Bank bought a new stake in Invesco QQQ during the fourth quarter worth approximately $201,000. Vantage Financial Partners LLC increased its stake in Invesco QQQ by 68.0% during the fourth quarter. Vantage Financial Partners LLC now owns 29,550 shares of the exchange traded fund’s stock worth $12,101,000 after acquiring an additional 11,957 shares during the last quarter. Natixis Advisors L.P. increased its stake in Invesco QQQ by 17.4% during the fourth quarter. Natixis Advisors L.P. now owns 18,927 shares of the exchange traded fund’s stock worth $7,751,000 after acquiring an additional 2,809 shares during the last quarter. Finally, Concentrum Wealth Management increased its stake in Invesco QQQ by 15.4% during the fourth quarter. Concentrum Wealth Management now owns 14,662 shares of the exchange traded fund’s stock worth $6,004,000 after acquiring an additional 1,962 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $476.27 on Friday. The business’s 50 day moving average is $474.15 and its two-hundred day moving average is $454.86. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a dividend of $0.7615 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Monday, June 24th.

About Invesco QQQ

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.