Invesco QQQ $QQQ Shares Acquired by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.7% during the second quarter, HoldingsChannel.com reports. The fund owned 10,099 shares of the exchange traded fund’s stock after buying an additional 172 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Invesco QQQ were worth $5,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Columbus Macro LLC increased its holdings in shares of Invesco QQQ by 83.0% in the 2nd quarter. Columbus Macro LLC now owns 838 shares of the exchange traded fund’s stock valued at $462,000 after acquiring an additional 380 shares during the period. Trifecta Capital Advisors LLC increased its holdings in shares of Invesco QQQ by 2.9% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 83,108 shares of the exchange traded fund’s stock valued at $45,846,000 after acquiring an additional 2,308 shares during the period. Rye Brook Capital LLC increased its holdings in shares of Invesco QQQ by 11.4% in the 2nd quarter. Rye Brook Capital LLC now owns 45,430 shares of the exchange traded fund’s stock valued at $25,061,000 after acquiring an additional 4,650 shares during the period. Morey & Quinn Wealth Partners LLC increased its stake in Invesco QQQ by 21.8% in the 2nd quarter. Morey & Quinn Wealth Partners LLC now owns 966 shares of the exchange traded fund’s stock valued at $533,000 after buying an additional 173 shares during the period. Finally, Peak Financial Management Inc. increased its stake in Invesco QQQ by 3.6% in the 2nd quarter. Peak Financial Management Inc. now owns 1,041 shares of the exchange traded fund’s stock valued at $574,000 after buying an additional 36 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ opened at $610.70 on Friday. The company’s fifty day moving average is $583.17 and its two-hundred day moving average is $535.28. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $611.75.

Invesco QQQ Increases Dividend

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

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.