Peak Financial Management Inc. Buys 36 Shares of Invesco QQQ $QQQ

Peak Financial Management Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 1,041 shares of the exchange traded fund’s stock after acquiring an additional 36 shares during the period. Peak Financial Management Inc.’s holdings in Invesco QQQ were worth $574,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of QQQ. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ in the second quarter valued at about $41,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the first quarter valued at about $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the first quarter valued at about $51,000. Blume Capital Management Inc. grew its position in Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its position in Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1%

Invesco QQQ stock opened at $610.70 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $611.75. The business’s 50-day moving average price is $583.17 and its two-hundred day moving average price is $535.28.

Invesco QQQ Increases Dividend

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

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.