Invesco QQQ $QQQ Shares Bought by Ethos Financial Group LLC

Ethos Financial Group LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 21.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,648 shares of the exchange traded fund’s stock after purchasing an additional 2,083 shares during the quarter. Ethos Financial Group LLC’s holdings in Invesco QQQ were worth $6,432,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Brighton Jones LLC lifted its holdings in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the last quarter. Wealth Group Ltd. raised its position in Invesco QQQ by 305.2% in the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock valued at $3,010,000 after purchasing an additional 4,835 shares during the period. Principal Financial Group Inc. lifted its stake in Invesco QQQ by 62.6% during the first quarter. Principal Financial Group Inc. now owns 46,119 shares of the exchange traded fund’s stock worth $21,626,000 after purchasing an additional 17,750 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Invesco QQQ by 7.7% during the first quarter. Bank of New York Mellon Corp now owns 99,906 shares of the exchange traded fund’s stock worth $46,848,000 after buying an additional 7,147 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.7%

Shares of NASDAQ QQQ opened at $623.28 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The stock has a fifty day simple moving average of $599.86 and a 200-day simple moving average of $557.61.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were paid a $0.694 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a dividend yield of 0.4%.

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.