Roundview Capital LLC Increases Stake in Invesco QQQ $QQQ

Roundview Capital LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,828 shares of the exchange traded fund’s stock after acquiring an additional 314 shares during the quarter. Invesco QQQ comprises 2.1% of Roundview Capital LLC’s portfolio, making the stock its 9th largest position. Roundview Capital LLC’s holdings in Invesco QQQ were worth $30,797,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Marshall & Sullivan Inc. WA acquired a new position in Invesco QQQ during the second quarter valued at approximately $41,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the first quarter valued at approximately $51,000. Blume Capital Management Inc. grew its holdings in Invesco QQQ by 105.0% during the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC grew its holdings in Invesco QQQ by 3,000.0% during the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $604.51 on Wednesday. The firm has a 50 day moving average price of $581.39 and a 200 day moving average price of $533.92. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $609.71.

Invesco QQQ Increases Dividend

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

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.