Hudson Value Partners LLC Increases Holdings in Invesco QQQ $QQQ

Hudson Value Partners LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,676 shares of the exchange traded fund’s stock after buying an additional 29 shares during the period. Hudson Value Partners LLC’s holdings in Invesco QQQ were worth $925,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of QQQ. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ during the 2nd quarter valued at $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $51,000. Blume Capital Management Inc. grew its position in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC grew its position in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $605.73 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $607.16. The firm has a fifty day moving average price of $579.12 and a 200-day moving average price of $530.93.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be given a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ 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.