Mesirow Financial Investment Management Inc. Purchases 907 Shares of Invesco QQQ $QQQ

Mesirow Financial Investment Management Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,073 shares of the exchange traded fund’s stock after purchasing an additional 907 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Invesco QQQ were worth $17,142,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Compass Financial Services Inc lifted its stake in shares of Invesco QQQ by 0.4% in the 1st quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund’s stock valued at $2,345,000 after acquiring an additional 19 shares during the last quarter. Vermillion Wealth Management Inc. lifted its stake in shares of Invesco QQQ by 4.2% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 491 shares of the exchange traded fund’s stock valued at $271,000 after acquiring an additional 20 shares during the last quarter. Barrett & Company Inc. lifted its stake in shares of Invesco QQQ by 14.9% in the 2nd quarter. Barrett & Company Inc. now owns 154 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 20 shares during the last quarter. waypoint wealth counsel lifted its stake in shares of Invesco QQQ by 0.6% in the 2nd quarter. waypoint wealth counsel now owns 3,560 shares of the exchange traded fund’s stock valued at $1,964,000 after acquiring an additional 20 shares during the last quarter. Finally, Investment Advisory Group LLC lifted its stake in shares of Invesco QQQ by 0.4% in the 2nd quarter. Investment Advisory Group LLC now owns 5,726 shares of the exchange traded fund’s stock valued at $3,158,000 after acquiring an additional 20 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $626.05 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The stock has a 50-day moving average of $595.56 and a 200-day moving average of $551.96.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 0.4%. The ex-dividend date of this dividend is Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

Invesco QQQ 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.