Tsfg LLC Increases Stake in Invesco QQQ $QQQ

Tsfg LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,573 shares of the exchange traded fund’s stock after acquiring an additional 817 shares during the quarter. Invesco QQQ accounts for 1.9% of Tsfg LLC’s holdings, making the stock its 16th largest position. Tsfg LLC’s holdings in Invesco QQQ were worth $10,246,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC purchased a new position in Invesco QQQ during the second quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Invesco QQQ in the second quarter valued at approximately $41,000. Blume Capital Management Inc. increased its position in shares of 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 buying an additional 2,536 shares in the last quarter. Moser Wealth Advisors LLC increased its position in shares of Invesco QQQ by 930.0% in the second quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 93 shares in the last quarter. Finally, Atlantic Private Wealth LLC increased its position in shares of 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 buying an additional 120 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $629.07 on Monday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01. The business has a 50 day simple moving average of $596.70 and a 200-day simple moving average of $554.59.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were given a $0.694 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, September 22nd.

Invesco QQQ Company 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.