Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Howard Financial Services LTD.

Howard Financial Services LTD. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,022 shares of the exchange traded fund’s stock after purchasing an additional 282 shares during the period. Invesco QQQ comprises about 1.4% of Howard Financial Services LTD.’s holdings, making the stock its 19th largest position. Howard Financial Services LTD.’s holdings in Invesco QQQ were worth $5,919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Moneta Group Investment Advisors LLC increased its position in Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after acquiring an additional 43,463,232 shares during the period. Morgan Stanley increased its position in Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after acquiring an additional 1,533,114 shares during the period. Kensington Asset Management LLC acquired a new position in Invesco QQQ in the 1st quarter valued at about $342,079,000. Money Concepts Capital Corp increased its position in Invesco QQQ by 971.1% in the 1st quarter. Money Concepts Capital Corp now owns 951,023 shares of the exchange traded fund’s stock valued at $10,353,000 after acquiring an additional 862,236 shares during the period. Finally, Natixis acquired a new position in Invesco QQQ in the 4th quarter valued at about $228,207,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

Invesco QQQ Price Performance

QQQ traded down $3.34 during trading on Tuesday, reaching $367.32. The company’s stock had a trading volume of 14,160,867 shares, compared to its average volume of 53,404,195. Invesco QQQ has a 52-week low of $254.26 and a 52-week high of $387.98. The company’s fifty day moving average price is $373.20 and its 200-day moving average price is $348.47.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 19th will be issued a $0.5389 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Monday, September 18th.

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.