Victrix Investment Advisors Has $5.37 Million Position in Invesco QQQ $QQQ

Victrix Investment Advisors grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,738 shares of the exchange traded fund’s stock after acquiring an additional 521 shares during the quarter. Invesco QQQ accounts for 2.4% of Victrix Investment Advisors’ portfolio, making the stock its 10th largest holding. Victrix Investment Advisors’ holdings in Invesco QQQ were worth $5,372,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the second quarter valued at approximately $41,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $51,000. Blume Capital Management Inc. grew its holdings in shares of Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC grew its holdings in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $600.37 on Wednesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $602.87. The business’s 50 day moving average is $577.51 and its 200-day moving average is $529.57.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is a boost 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.