Invesco QQQ (NASDAQ:QQQ) Position Increased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 165.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,060 shares of the exchange traded fund’s stock after buying an additional 660 shares during the period. GAMMA Investing LLC’s holdings in Invesco QQQ were worth $508,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Atwater Malick LLC acquired a new stake in shares of Invesco QQQ during the first quarter valued at approximately $293,000. Aviance Capital Partners LLC lifted its stake in Invesco QQQ by 29.7% in the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock worth $1,848,000 after acquiring an additional 1,033 shares in the last quarter. GenWealth Group Inc. lifted its stake in Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock worth $18,851,000 after acquiring an additional 2,325 shares in the last quarter. Fiera Capital Corp boosted its position in Invesco QQQ by 1.7% during the 4th quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock worth $268,987,000 after acquiring an additional 11,013 shares during the period. Finally, Socha Financial Group LLC increased its holdings in shares of Invesco QQQ by 1.3% in the 1st quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after purchasing an additional 1,153 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock traded down $10.91 during trading on Friday, hitting $448.75. 66,323,244 shares of the company were exchanged, compared to its average volume of 39,428,968. The business’s 50-day simple moving average is $475.15 and its 200 day simple moving average is $449.77. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were paid a $0.7615 dividend. The ex-dividend date of this dividend was Monday, June 24th. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.68%.

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.