Invesco QQQ (NASDAQ:QQQ) Shares Purchased by SNS Financial Group LLC

SNS Financial Group LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,309 shares of the exchange traded fund’s stock after acquiring an additional 118 shares during the quarter. SNS Financial Group LLC’s holdings in Invesco QQQ were worth $2,548,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Atwater Malick LLC acquired a new position in Invesco QQQ in the first quarter valued at about $293,000. Westwood Holdings Group Inc. boosted its position in shares of Invesco QQQ by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after purchasing an additional 1,993 shares during the period. Aviance Capital Partners LLC increased its holdings 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 valued at $1,848,000 after purchasing an additional 1,033 shares during the last quarter. GenWealth Group Inc. raised its position in Invesco QQQ by 5.8% in the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after purchasing an additional 2,325 shares during the period. Finally, Fiera Capital Corp lifted its stake in Invesco QQQ by 1.7% during the fourth quarter. Fiera Capital Corp now owns 656,835 shares of the exchange traded fund’s stock worth $268,987,000 after purchasing an additional 11,013 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $5.15 on Friday, hitting $480.00. The stock had a trading volume of 36,061,508 shares, compared to its average volume of 40,708,035. The company’s 50 day moving average price is $475.08 and its 200-day moving average price is $453.62. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were paid a dividend of $0.7615 per share. The ex-dividend date was Monday, June 24th. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 dividend on an annualized basis and a yield of 0.63%.

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.