Rodgers & Associates LTD Takes $369,000 Position in Invesco QQQ $QQQ

Rodgers & Associates LTD bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 669 shares of the exchange traded fund’s stock, valued at approximately $369,000.

Several other large investors also recently made changes to their positions in QQQ. Kingstone Capital Partners Texas LLC grew its stake in shares of Invesco QQQ by 704,593.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after buying an additional 67,605,770 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Invesco QQQ by 959.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock valued at $11,300,023,000 after buying an additional 21,823,765 shares during the period. Mullooly Asset Management Inc. acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at about $2,775,904,000. Spear Holdings RSC Ltd acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at about $474,600,000. Finally, Altimeter Capital Management LP acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at about $463,293,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.7%

QQQ stock opened at $603.93 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $613.18. The business has a 50-day simple moving average of $587.30 and a two-hundred day simple moving average of $540.28.

Invesco QQQ Increases Dividend

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