Invesco QQQ (NASDAQ:QQQ) Shares Bought by Glass Jacobson Investment Advisors llc

Glass Jacobson Investment Advisors llc grew its stake in Invesco QQQ (NASDAQ:QQQ) by 32.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 940 shares of the exchange traded fund’s stock after buying an additional 231 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in Invesco QQQ were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Garner Asset Management Corp boosted its stake in shares of Invesco QQQ by 6.4% during the 2nd quarter. Garner Asset Management Corp now owns 19,989 shares of the exchange traded fund’s stock worth $9,577,000 after acquiring an additional 1,200 shares in the last quarter. Carolinas Wealth Consulting LLC raised its holdings in Invesco QQQ by 3.8% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 3,281 shares of the exchange traded fund’s stock worth $1,572,000 after purchasing an additional 120 shares during the period. SkyOak Wealth LLC raised its holdings in Invesco QQQ by 1.5% in the 2nd quarter. SkyOak Wealth LLC now owns 9,293 shares of the exchange traded fund’s stock worth $4,452,000 after purchasing an additional 133 shares during the period. Lokken Investment Group LLC grew its holdings in Invesco QQQ by 2.6% in the second quarter. Lokken Investment Group LLC now owns 4,943 shares of the exchange traded fund’s stock valued at $2,368,000 after purchasing an additional 125 shares during the period. Finally, Blair William & Co. IL grew its holdings in Invesco QQQ by 6.3% in the second quarter. Blair William & Co. IL now owns 225,762 shares of the exchange traded fund’s stock valued at $108,165,000 after purchasing an additional 13,465 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.4 %

Shares of QQQ stock opened at $471.44 on Thursday. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The stock has a 50 day simple moving average of $468.49 and a 200-day simple moving average of $457.89.

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 given a dividend of $0.7615 per share. 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 0.65%.

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.