Freedom Investment Management Inc. Buys 33 Shares of Invesco QQQ $QQQ

Freedom Investment Management Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,173 shares of the exchange traded fund’s stock after acquiring an additional 33 shares during the period. Freedom Investment Management Inc.’s holdings in Invesco QQQ were worth $1,750,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of 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 purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC increased its stake 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 worth $2,687,000 after purchasing an additional 176 shares in the last quarter. Wealth Group Ltd. increased 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 in the last quarter. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 643 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in shares of Invesco QQQ by 1.1% in the first quarter. GHP Investment Advisors Inc. now owns 3,270 shares of the exchange traded fund’s stock worth $1,533,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.0%

QQQ opened at $605.49 on Thursday. The firm has a 50-day moving average price of $589.20 and a 200-day moving average price of $543.59. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18.

Invesco QQQ Increases Dividend

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

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.