Clune & Associates LTD. Grows Stake in Invesco QQQ $QQQ

Clune & Associates LTD. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 17.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,693 shares of the exchange traded fund’s stock after acquiring an additional 254 shares during the quarter. Clune & Associates LTD.’s holdings in Invesco QQQ were worth $934,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of QQQ. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Invesco QQQ during the second quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA bought a new position in Invesco QQQ in the 2nd quarter valued at approximately $41,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the 1st quarter valued at $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ in the 1st quarter worth $51,000. Finally, Blume Capital Management Inc. raised its stake in shares of Invesco QQQ by 105.0% in the first 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. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.3%

Shares of NASDAQ:QQQ opened at $611.54 on Tuesday. The stock’s fifty day moving average price is $588.07 and its 200-day moving average price is $542.68. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $613.18.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd.

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.