Oliver Lagore Vanvalin Investment Group Has $29.84 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Oliver Lagore Vanvalin Investment Group increased its stake in Invesco QQQ (NASDAQ:QQQ) by 6,597.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,290 shares of the exchange traded fund’s stock after acquiring an additional 61,360 shares during the quarter. Invesco QQQ accounts for approximately 8.6% of Oliver Lagore Vanvalin Investment Group’s portfolio, making the stock its 2nd largest position. Oliver Lagore Vanvalin Investment Group’s holdings in Invesco QQQ were worth $29,844,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Global Assets Advisory LLC bought a new stake in Invesco QQQ during the 1st quarter valued at $1,580,776,000. Steel Grove Capital Advisors LLC increased its stake in Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock valued at $1,525,067,000 after purchasing an additional 3,102,568 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in Invesco QQQ by 18,691.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares in the last quarter. Granite Bay Wealth Management LLC increased its stake in Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares in the last quarter. Finally, Harvard Management Co. Inc. bought a new stake in Invesco QQQ during the 1st quarter valued at $304,591,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6 %

QQQ opened at $486.75 on Friday. The firm’s fifty day moving average price is $468.10 and its two-hundred day moving average price is $459.96. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Monday, September 23rd.

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.