Invesco QQQ $QQQ Shares Acquired by Brogan Financial Inc.

Brogan Financial Inc. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 15.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,305 shares of the exchange traded fund’s stock after purchasing an additional 176 shares during the quarter. Invesco QQQ comprises approximately 0.3% of Brogan Financial Inc.’s holdings, making the stock its 17th largest holding. Brogan Financial Inc.’s holdings in Invesco QQQ were worth $720,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Brighton Jones LLC raised its stake in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC boosted its position in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the period. Wealth Group Ltd. increased its holdings in Invesco QQQ by 305.2% in the 1st quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after purchasing an additional 4,835 shares in the last quarter. Guardian Wealth Advisors LLC raised its position in Invesco QQQ by 1.1% in the first quarter. Guardian Wealth Advisors LLC now owns 17,116 shares of the exchange traded fund’s stock valued at $8,026,000 after purchasing an additional 179 shares during the period. Finally, Cable Hill Partners LLC raised its position in Invesco QQQ by 112.0% in the first quarter. Cable Hill Partners LLC now owns 863 shares of the exchange traded fund’s stock valued at $410,000 after purchasing an additional 456 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1%

Shares of NASDAQ QQQ opened at $621.06 on Thursday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The business has a 50-day moving average of $604.54 and a 200-day moving average of $563.31.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were issued a $0.694 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.4%. This is a boost 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.