Capital Wealth Alliance LLC Purchases 2,383 Shares of Invesco QQQ (NASDAQ:QQQ)

Capital Wealth Alliance LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 38.7% in the second quarter, Holdings Channel reports. The fund owned 8,544 shares of the exchange traded fund’s stock after acquiring an additional 2,383 shares during the period. Invesco QQQ accounts for 2.3% of Capital Wealth Alliance LLC’s investment portfolio, making the stock its 10th biggest holding. Capital Wealth Alliance LLC’s holdings in Invesco QQQ were worth $4,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of QQQ. International Assets Investment Management LLC boosted its position in shares of Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. OLD National Bancorp IN boosted its holdings in Invesco QQQ by 13.2% in the 4th quarter. OLD National Bancorp IN now owns 2,140 shares of the exchange traded fund’s stock valued at $876,000 after purchasing an additional 249 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. grew its position in Invesco QQQ by 789.5% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 88,813 shares of the exchange traded fund’s stock worth $36,371,000 after purchasing an additional 78,828 shares during the last quarter. Significant Wealth Partners LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth about $285,000. Finally, Foster & Motley Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter valued at about $257,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.1 %

Shares of NASDAQ QQQ traded up $5.15 during mid-day trading on Friday, hitting $480.00. The company had a trading volume of 36,004,750 shares, compared to its average volume of 40,708,035. Invesco QQQ has a 12 month low of $342.35 and a 12 month high of $503.52. The business’s 50-day simple moving average is $475.07 and its 200-day simple moving average is $453.08.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th were given a $0.7615 dividend. The ex-dividend date was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.63%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.57.

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.