Valeo Financial Advisors LLC Purchases 1,917 Shares of Invesco QQQ $QQQ

Valeo Financial Advisors LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,190 shares of the exchange traded fund’s stock after purchasing an additional 1,917 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Invesco QQQ were worth $29,342,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of QQQ. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ during the second quarter valued at approximately $41,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $51,000. Blume Capital Management Inc. grew its stake in shares of 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 buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its stake in shares of 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 buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.8%

QQQ opened at $607.71 on Tuesday. The stock’s 50 day moving average price is $580.65 and its 200-day moving average price is $533.42. Invesco QQQ has a one year low of $402.39 and a one year high of $609.36.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This is a positive change 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 0.5%. The ex-dividend date of this dividend is Monday, September 22nd.

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.