Blair William & Co. IL Raises Position in Invesco QQQ $QQQ

Blair William & Co. IL boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 5.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 270,387 shares of the exchange traded fund’s stock after buying an additional 13,795 shares during the quarter. Blair William & Co. IL’s holdings in Invesco QQQ were worth $149,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Brighton Jones LLC lifted its holdings in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC lifted its holdings in 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 worth $2,687,000 after buying an additional 176 shares during the period. Wealth Group Ltd. lifted its holdings in 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 buying an additional 4,835 shares during the period. GAMMA Investing LLC lifted its holdings in Invesco QQQ by 19.2% in the first quarter. GAMMA Investing LLC now owns 3,992 shares of the exchange traded fund’s stock worth $1,872,000 after buying an additional 643 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Invesco QQQ by 2.3% in the first quarter. Fifth Third Bancorp now owns 23,196 shares of the exchange traded fund’s stock worth $10,877,000 after buying an additional 518 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $589.55 on Friday. The company has a 50-day simple moving average of $583.89 and a two-hundred day simple moving average of $535.94. Invesco QQQ has a one year low of $402.39 and a one year high of $613.18.

Invesco QQQ Increases Dividend

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

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.