FIDELIS iM LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

FIDELIS iM LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 898 shares of the exchange traded fund’s stock, valued at approximately $398,000. Invesco QQQ accounts for approximately 0.2% of FIDELIS iM LLC’s holdings, making the stock its 17th largest holding.

Several other institutional investors also recently made changes to their positions in QQQ. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ during the 1st quarter worth $29,000. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ during the 4th quarter worth $35,000. Red Tortoise LLC boosted its position in Invesco QQQ by 370.0% during the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the period. Robinson Capital Management LLC purchased a new stake in Invesco QQQ during the 4th quarter worth $40,000. Finally, Friedenthal Financial purchased a new stake in Invesco QQQ during the 4th quarter worth $41,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock traded down $2.50 during trading on Friday, reaching $479.11. The stock had a trading volume of 34,881,581 shares, compared to its average volume of 28,583,126. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $487.20. The firm has a fifty day moving average price of $454.85 and a 200 day moving average price of $436.54.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, June 24th will be issued a $0.7615 dividend. The ex-dividend date of this dividend is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a yield of 0.64%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57.

Invesco QQQ Company 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.