Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 106.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,505 shares of the exchange traded fund’s stock after buying an additional 1,290 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Invesco QQQ were worth $1,200,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Deane Retirement Strategies Inc. acquired a new position in Invesco QQQ in the 1st quarter valued at $29,000. Legacy Bridge LLC lifted its stake in shares of Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 64 shares during the period. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $35,000. Finally, Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ in the first quarter valued at $40,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ traded up $5.61 during trading hours on Friday, hitting $476.27. 33,466,473 shares of the company’s stock were exchanged, compared to its average volume of 40,922,408. The business’s 50 day moving average is $474.15 and its 200-day moving average is $455.05. 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 announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were given a $0.7615 dividend. The ex-dividend date was Monday, June 24th. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57. This represents a $3.05 annualized dividend and a dividend yield of 0.64%.

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.