Invesco QQQ $QQQ Shares Acquired by City Center Advisors LLC

City Center Advisors LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,583 shares of the exchange traded fund’s stock after purchasing an additional 238 shares during the period. Invesco QQQ accounts for about 1.5% of City Center Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. City Center Advisors LLC’s holdings in Invesco QQQ were worth $1,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at $51,000. Blume Capital Management Inc. lifted its stake in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC lifted its stake in shares of Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at $67,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4%

QQQ stock opened at $586.66 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $587.86. The company has a fifty day simple moving average of $568.24 and a 200 day simple moving average of $520.50.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

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.