Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 162,849 shares of the exchange traded fund’s stock after buying an additional 159 shares during the quarter. Invesco QQQ makes up approximately 3.7% of Nicholas Hoffman & Company LLC.’s portfolio, making the stock its 8th biggest position. Nicholas Hoffman & Company LLC.’s holdings in Invesco QQQ were worth $78,023,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Global Assets Advisory LLC purchased a new stake in Invesco QQQ in the first quarter valued at approximately $1,580,776,000. Steel Grove Capital Advisors LLC lifted its stake in Invesco QQQ by 934.0% in the first 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 buying an additional 3,102,568 shares during the last quarter. Granite Bay Wealth Management LLC raised its stake in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares during the last quarter. Harvard Management Co. Inc. purchased a new stake in shares of Invesco QQQ during the first quarter worth approximately $304,591,000. Finally, Mirae Asset Securities USA Inc. purchased a new stake in shares of Invesco QQQ during the second quarter worth approximately $215,600,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded up $3.71 during trading hours on Thursday, hitting $464.32. 9,412,023 shares of the company were exchanged, compared to its average volume of 40,288,020. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The business has a 50-day moving average of $473.45 and a 200-day moving average of $455.75.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a dividend of $0.7615 per share. This represents a $3.05 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

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.