Tufton Capital Management Has $351,000 Stake in Invesco QQQ $QQQ

Tufton Capital Management lifted its position in Invesco QQQ (NASDAQ:QQQ) by 29.3% in the second quarter, HoldingsChannel.com reports. The firm owned 636 shares of the exchange traded fund’s stock after acquiring an additional 144 shares during the period. Tufton Capital Management’s holdings in Invesco QQQ were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. GSG Advisors LLC raised its position in shares of Invesco QQQ by 8.2% during the first quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund’s stock worth $3,600,000 after purchasing an additional 585 shares during the period. Amundi raised its position in shares of Invesco QQQ by 6.3% during the first quarter. Amundi now owns 110,903 shares of the exchange traded fund’s stock worth $49,980,000 after purchasing an additional 6,600 shares during the period. Greykasell Wealth Strategies Inc. raised its position in shares of Invesco QQQ by 8.4% during the first quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund’s stock worth $3,649,000 after purchasing an additional 605 shares during the period. AM Investment Strategies LLC raised its position in shares of Invesco QQQ by 46.5% during the first quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund’s stock worth $904,000 after purchasing an additional 612 shares during the period. Finally, Banco Santander S.A. raised its position in shares of Invesco QQQ by 100.2% during the first quarter. Banco Santander S.A. now owns 75,125 shares of the exchange traded fund’s stock worth $35,228,000 after purchasing an additional 37,605 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.5%

NASDAQ QQQ opened at $632.08 on Tuesday. The stock’s 50-day moving average is $597.93 and its 200-day moving average is $555.92. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, September 22nd were issued a dividend of $0.694 per share. The ex-dividend date was Monday, September 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ Company 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.