4Thought Financial Group Inc. Increases Stock Position in Invesco QQQ $QQQ

4Thought Financial Group Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 106.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,067 shares of the exchange traded fund’s stock after purchasing an additional 550 shares during the quarter. Invesco QQQ comprises approximately 0.3% of 4Thought Financial Group Inc.’s holdings, making the stock its 27th largest holding. 4Thought Financial Group Inc.’s holdings in Invesco QQQ were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Marshall & Sullivan Inc. WA purchased a new stake in Invesco QQQ in the 2nd quarter worth $41,000. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at about $50,000. Westend Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at about $51,000. Blume Capital Management Inc. raised its position 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 valued at $57,000 after buying an additional 2,536 shares in the last quarter. Finally, Atlantic Private Wealth LLC raised its position 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 valued at $58,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $603.18 on Friday. The firm’s 50-day moving average price is $579.85 and its 200-day moving average price is $532.17. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $607.33.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%.

Invesco QQQ Company 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.