MADDEN SECURITIES Corp Decreases Stake in Invesco QQQ (NASDAQ:QQQ)

MADDEN SECURITIES Corp decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,384 shares of the exchange traded fund’s stock after selling 60 shares during the period. MADDEN SECURITIES Corp’s holdings in Invesco QQQ were worth $1,142,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in QQQ. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ during the first quarter valued at approximately $28,000. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ in the first quarter valued at about $29,000. Legacy Bridge LLC increased its holdings in Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $35,000. Finally, Red Tortoise LLC raised its position in shares of Invesco QQQ by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 3.1 %

Shares of QQQ stock traded up $13.30 during mid-day trading on Thursday, reaching $448.07. 47,707,356 shares of the company were exchanged, compared to its average volume of 41,248,605. The business’s 50 day simple moving average is $473.79 and its 200 day simple moving average is $449.93. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $503.52.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were issued a dividend of $0.7615 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, June 24th.

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.