Invesco QQQ $QQQ Shares Purchased by Valley National Advisers Inc.

Valley National Advisers Inc. raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,292 shares of the exchange traded fund’s stock after purchasing an additional 116 shares during the quarter. Valley National Advisers Inc.’s holdings in Invesco QQQ were worth $2,919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Brighton Jones LLC raised its stake in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the period. Wealth Group Ltd. raised its stake in shares of Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after purchasing an additional 4,835 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of Invesco QQQ by 7.1% in the first quarter. OLD National Bancorp IN now owns 4,036 shares of the exchange traded fund’s stock worth $1,893,000 after purchasing an additional 266 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in shares of Invesco QQQ by 22.0% during the first quarter. Capital Investment Advisors LLC now owns 19,250 shares of the exchange traded fund’s stock worth $9,027,000 after purchasing an additional 3,473 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.8%

Shares of NASDAQ:QQQ opened at $607.71 on Tuesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $609.36. The company’s 50 day moving average is $580.65 and its 200 day moving average is $533.42.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd.

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.