Stephens Inc. AR boosted its holdings in shares of Invesco QQQ Trust (NASDAQ:QQQ) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,099 shares of the exchange traded fund’s stock after purchasing an additional 3,468 shares during the quarter. Stephens Inc. AR’s holdings in Invesco QQQ Trust were worth $12,343,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of QQQ. Murphy Middleton Hinkle & Parker Inc. increased its stake in Invesco QQQ Trust by 1.8% in the 2nd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,872 shares of the exchange traded fund’s stock worth $536,000 after acquiring an additional 52 shares during the last quarter. Carmichael Hill & Associates Inc. increased its stake in Invesco QQQ Trust by 1.4% in the 1st quarter. Carmichael Hill & Associates Inc. now owns 3,730 shares of the exchange traded fund’s stock worth $670,000 after acquiring an additional 53 shares during the last quarter. Hartford Financial Management Inc. increased its stake in Invesco QQQ Trust by 4.5% in the 2nd quarter. Hartford Financial Management Inc. now owns 1,235 shares of the exchange traded fund’s stock worth $231,000 after acquiring an additional 53 shares during the last quarter. Renaissance Investment Group LLC increased its stake in Invesco QQQ Trust by 3.0% in the 1st quarter. Renaissance Investment Group LLC now owns 1,851 shares of the exchange traded fund’s stock worth $333,000 after acquiring an additional 54 shares during the last quarter. Finally, Middleton & Co Inc MA increased its stake in Invesco QQQ Trust by 3.3% in the 1st quarter. Middleton & Co Inc MA now owns 1,870 shares of the exchange traded fund’s stock worth $336,000 after acquiring an additional 60 shares during the last quarter. 40.07% of the stock is currently owned by institutional investors.

NASDAQ:QQQ traded down $0.48 during trading hours on Wednesday, reaching $183.87. The stock had a trading volume of 16,689,690 shares, compared to its average volume of 34,251,000. Invesco QQQ Trust has a 52 week low of $143.46 and a 52 week high of $195.55. The company’s 50 day moving average price is $190.10.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, June 25th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Monday, June 24th.

About Invesco QQQ Trust

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.

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Institutional Ownership by Quarter for Invesco QQQ Trust (NASDAQ:QQQ)

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