Cascade Investment Group Inc. Has $203,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

Cascade Investment Group Inc. decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 45.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 424 shares of the exchange traded fund’s stock after selling 347 shares during the period. Cascade Investment Group Inc.’s holdings in Invesco QQQ were worth $203,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Prospect Financial Services LLC increased its holdings in Invesco QQQ by 0.3% during the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after acquiring an additional 21 shares during the period. Sweeney & Michel LLC increased its holdings in Invesco QQQ by 4.0% during the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock worth $286,000 after acquiring an additional 22 shares during the period. Summit X LLC increased its holdings in Invesco QQQ by 0.4% during the 4th quarter. Summit X LLC now owns 5,983 shares of the exchange traded fund’s stock worth $2,451,000 after acquiring an additional 24 shares during the period. CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 24 shares during the last quarter. Finally, Second Line Capital LLC increased its holdings in shares of Invesco QQQ by 2.6% in the 1st quarter. Second Line Capital LLC now owns 951 shares of the exchange traded fund’s stock worth $422,000 after buying an additional 24 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 traded up $0.15 during trading on Wednesday, reaching $462.73. The company had a trading volume of 34,366,583 shares, compared to its average volume of 41,065,219. The company has a fifty day moving average of $473.92 and a two-hundred day moving average of $450.94. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, June 24th were issued a $0.7615 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.66%.

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.