Invesco QQQ $QQQ Shares Purchased by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 23.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,952 shares of the exchange traded fund’s stock after acquiring an additional 375 shares during the period. Ables Iannone Moore & Associates Inc.’s holdings in Invesco QQQ were worth $1,077,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ during the 1st quarter worth approximately $51,000. Blume Capital Management Inc. increased its holdings in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 2,536 shares during the last quarter. Atlantic Private Wealth LLC increased its holdings in Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 120 shares during the last quarter. Finally, Putney Financial Group LLC purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $67,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ stock opened at $586.66 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $587.86. The stock’s 50 day moving average is $568.24 and its two-hundred day moving average is $520.54.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.