Purkiss Capital Advisors LLC Has $1.97 Million Stock Position in Invesco QQQ $QQQ

Purkiss Capital Advisors LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 61.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,566 shares of the exchange traded fund’s stock after purchasing an additional 1,360 shares during the period. Invesco QQQ accounts for about 1.1% of Purkiss Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Purkiss Capital Advisors LLC’s holdings in Invesco QQQ were worth $1,967,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in QQQ. Morgan Dempsey Capital Management LLC bought a new position in shares of Invesco QQQ in the second quarter valued at $30,000. Marshall & Sullivan Inc. WA bought a new position in shares of Invesco QQQ in the 2nd quarter valued at about $41,000. Blume Capital Management Inc. grew its position in shares of Invesco QQQ by 105.0% in the 1st 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 period. Moser Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares during the period. Finally, Atlantic Private Wealth LLC lifted its stake in Invesco QQQ by 3,000.0% in the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $628.09 on Tuesday. The business’s 50 day moving average price is $591.63 and its two-hundred day moving average price is $548.87. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $628.55.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 annualized dividend and a yield of 0.4%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.